Tonight marks the final date for Solana’s ETF decision, and I still advise caution. Whether the ETF is officially approved or delayed due to a potential government shutdown, the announcement (or lack thereof) could trigger strong market volatility.
If possible, avoid trading during this period — conditions are uncertain and speculative, much like moving in the dark or gambling.
Technical Analysis
From a technical standpoint, any intraday move that fails to break above $223 should be considered a pullback. On the hourly chart, $SOL has been showing stagnation around $222 with visible upper shadows, suggesting selling pressure — a short position around this level could be reasonable.
Key resistance levels to watch: $227, $230, and $235.
Key support levels to monitor: $217, $214, $210, and $205.
