⚡After the SOL crash, is there a struggle for a rebound? Bears laugh wildly, the rebound is as weak as paper! 💥🐻
SOL plummeted from a high of 187 to 173, with small upward lines on the hourly chart making a feeble attempt at a rebound. The 5-day and 10-day moving averages are firmly pressing down, short-term overselling but there’s no hope for a rebound, the SAR remains high, and the trend hasn't changed!
It shows a drop to the 60 moving average support zone, struggling to rebound near 174 without any volume. Can the rebound last? Don't dream about it!