SOL recently made a nice 'technical rebound' between $150 and $155, which is exactly a very critical support point in its previous trend, as well as the bottom of the large channel on the 4-hour chart.

Next, SOL took small steps and entered an 'upward channel' on the 30-minute chart, but now trouble has come: it is hitting a larger, older 'downward ceiling' that has been pressing the price since July 20 and has not been broken.

From a technical perspective, there are some preliminary signals indicating that a 'change is coming':

The SAR indicator has fallen below the price, suggesting that the trend may reverse and become stronger;

However, the Supertrend indicator is still bearish, currently hovering around $171.12, meaning that SOL can only be considered to have truly welcomed new upward momentum if it breaks through this point.

From an intraday perspective, SOL's current price is slightly above the VWAP (intraday weighted average price), indicating that the short-term trend is neutral to slightly bullish, and the market is still in a wait-and-see mode.