Solana is trading at $184.06, showing a slight daily gain of 0.03%, as market participants react to the SEC’s delay on Solana ETF applications announced on October 16. The delay has resulted in a cautious sentiment among traders, impacting the overall market dynamics. Technical indicators currently point toward a consolidation phase for Solana, suggesting that traders are assessing their positions amid the uncertainty. As the market digests the implications of the SEC’s decision, it remains to be seen how this will affect Solana’s trajectory in the near term.
