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Binance (Binance.com) obtaining regulatory approval in the Abu Dhabi Global Market (ADGM) signifies significant progress and impact in the following aspects:
1. A major breakthrough in regulatory compliance
Legitimacy Enhancement: ADGM is the International Financial Centre of Abu Dhabi, adhering to strict international regulatory standards (such as anti-money laundering, user protection, etc.). Obtaining its license means that Binance's operations in Abu Dhabi will be fully compliant, eliminating the previous controversies of 'unlicensed operations' in certain jurisdictions.
· Global regulatory layout: Following the licenses obtained in Dubai, Bahrain, and other Middle Eastern regions, Binance has further solidified its compliance status in the Middle East, reflecting its strategy of embracing regulation and promoting industry legalization.

Solana is attempting a steady recovery after defending the $128 support, aligning with the broader bounce seen across BTC and ETH. The price has reclaimed $130 and $132, even breaking a short-term bearish trendline — an early sign that selling pressure is losing strength.
However, SOL still trades below $138 and the 100-hour SMA, keeping the bullish case incomplete for now.
SOL regained momentum after clearing the 23.6% Fib retracement of the $147 → $128 drop, and the trendline break at $132 improved market sentiment. But buyers now face the real challenge: a dense resistance cluster between $137–$140, which includes the 100-hour SMA and the 50% Fib retracement.

Is This a True Bullish Reversal or Just an Oversold Bounce?
Early signs favor the bulls — but without confirmation.
MACD is strengthening in the bullish zone.
RSI remains above 50, showing improving momentum.
Trendline break at $132 supports the recovery structure.
Still, SOL must reclaim $138–$140 to convert this bounce into a confirmed reversal. Until then, the trend is cautiously optimistic rather than fully bullish.

Key Levels If SOL Breaks Above $140

A clean breakout and close above $140 could open the door to:
$142 – historical pivot and major resistance
$150 – psychological level + momentum expansion zone
$155 – next liquidity pocket for trend continuation
Clearing $142 with stability would strongly confirm that SOL is ready for a broader bullish push.

Downside Risks to Watch

If SOL gets rejected below $138 or fails to break $140, downside pressure returns:
$132 – first major support
$130 – key short-term floor
$128 – critical support that defines trend
Below $128 → bearish continuation likely toward $120
Bullish Invalidation Level
A close below $128 invalidates the bullish structure. This would erase the recovery momentum and hand full control back to sellers.

Final Outlook

Solana is at a pivotal moment.
A breakout above $140 could ignite a move toward $142, $150, and even $155.
A rejection could send price back to $132–$130.
With volatility tightening, the next move is likely to be decisive.
All eyes on the $138–$140 resistance zone.
#SOL #solana #CryptoAnalysis 🚀📊

Just now, the crypto world has welcomed a historic moment: Binance announced that it has officially obtained a full financial license issued by the Abu Dhabi Global Market (ADGM). This is not an ordinary regional license, but the highest level of authorization, renowned as the 'pearl on the crown of regulation' worldwide.

What does this mean? In simple terms: Binance has obtained the 'hardcore pass' to enter the global mainstream financial system.



🔥 How different is this?

In the past, exchanges obtaining licenses might only mean 'allowed to operate'. But this time, Abu Dhabi has granted a fully functional, comprehensive regulatory license, and the regulatory framework directly aligns with the UK financial system—one of the most strictly recognized standards in the world.