Although SOL's price broke through some resistance levels after applying for ETF on July 3, it is still under downward pressure in the face of selling pressure from SMA50 (156u), as well as the strong performance of the US market and the decline of the US dollar index (DXY).
At present, the price of SOL has fallen below the EMA50 of 145u, and the RSI indicator shows that the market is in a neutral state, reflecting the weakness of the market. It is expected that SOL may continue to fluctuate in the price range of 116u to 156u.
