After submitting the ETF application on July 3, SOL's stock price broke through the key resistance level, but encountered selling pressure at SMA50 ($156).

Despite the strong US market and the decline in the US dollar index, SOL's stock price is still moving downward.

Currently, the price has fallen below the EMA50 of $145, while the RSI indicator shows that the market is in the neutral zone, showing a clear signal of weakness.

It is expected that SOL may continue to fluctuate between $116 and $156.

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