SOL news update: Bullish chart setup trumps Solana ETF delay

SOL’s chart projects further upside despite the SEC delaying a decision on a Solana ETF approval.

Key point:

SOL’s narrowing range suggests a potential range expansion in the next few days. The possibility of an upside breakout remains high as the bulls buy on every minor dip.

Fidelity Investments’ proposed spot Solana (SOL) exchange-traded fund has been delayed as the US Securities and Exchange Commission has asked for public comments within 21 days and rebuttals within 35 days. 

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