Although the SOL weekly chart shows a bullish engulfing pattern, the downward trend of the MA30 has not changed, and there is significant selling pressure around $168.

The daily chart is more optimistic: the price has stayed above the MA30 for two consecutive days, this moving average is starting to flatten, and the MACD has shown a low-level golden cross with increasing momentum. If it continues to close above the MA30 today, it will confirm a trend reversal at the daily level. $168 is the short-term dividing line between bulls and bears; a breakout will target the $180-190 range, while resistance will require testing the strength of the $150 support.