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Solana (SOL) Technical Outlook – Price Holding Support Inside Falling Channel Solana continues to trade inside a clear falling channel, with repeated rejections from the upper trendline keeping the overall structure bearish. The price recently bounced from the $121–$125 major demand zone, which remains the strongest support area on the chart. However, upside momentum is still limited as SOL struggles to break above the 0.236 Fib level at $157.74, which has acted as firm resistance in recent sessions. SOL is also trading below all major EMAs, and they continue to slope downward: 20 EMA: $138.19 50 EMA: $153.75 100 EMA: $168.07 200 EMA: $173.48 This alignment of EMAs confirms sustained bearish pressure and lack of trend reversal signals. A breakout from the falling channel and a daily candle close above $157.74 (0.236 Fib) would be the first strong indication of a potential bullish reversal. If SOL manages this breakout, price could target: $171.99 (0.382 Fib) $187.55 (0.5 Fib) $203.11 (0.618 Fib) $225.26 (0.786 Fib) $253.47 (1.0 Fib – major swing high) On the downside, losing the $121–$125 support zone could trigger a deeper decline and put SOL at risk of further correction. RSI is currently around 41–43, reflecting neutral-to-bearish momentum but showing early signs of stabilization. 📊 Key Levels Resistance $157.74 (0.236 Fib – key breakout level) $171.99 (0.382 Fib) $187.55 (0.5 Fib) $203.11 (0.618 Fib) $225.26 (0.786 Fib) $253.47 (1.0 Fib) Support $121–$125 (major demand zone) Channel lower support (falling trendline) RSI 41–43: neutral, slightly weak 📌 Summary SOL is holding above a strong support zone but still trading inside a falling channel with all major EMAs acting as resistance. A breakout above $157.74 is essential to confirm any bullish reversal. Until then, momentum remains weak and the trend remains bearish. $SOL #FedRateCutPrediction
Breaking development in the crypto regulatory landscape: top executives from major US banking institutions are scheduled to sit down with Senate members to hash out the framework for Bitcoin and digital asset legislation. This gathering marks a potential turning point. For years, traditional finance kept crypto at arm's length—sometimes hostile, often dismissive. Now? The big players are showing up to the table. We're talking CEOs from institutions that move trillions in capital, ready to engage lawmakers on how digital currencies should be regulated. What's driving this shift? Several factors converge: institutional Bitcoin adoption has exploded, retail demand shows no signs of cooling, and the regulatory vacuum has created too much uncertainty for major banks to ignore. They can't sit on the sidelines anymore when clients—from hedge funds to Fortune 500 companies—are demanding crypto services. The Senate meeting isn't just symbolic. Legislation hammered out in these discussions could reshape how banks custody digital assets, whether they can offer crypto trading services, and how Bitcoin gets classified under existing financial laws. The stakes? Potentially unlocking institutional capital flows that dwarf current market volumes. Timing matters here. With regulatory clarity emerging as a bipartisan priority and enforcement actions piling up, both banks and lawmakers seem motivated to establish clear rules. This could fast-track crypto integration into mainstream finance—or impose frameworks that fundamentally alter how the industry operates. One thing's certain: when Wall Street's power brokers meet Capitol Hill to discuss Bitcoin, the conversations that happen behind those closed doors will ripple through markets for years to come.
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