SOL Evening Trend Update:
Following its earlier spike to 171.66, SOL experienced a sharp pullback and is now consolidating after the drop. Looking at the Bollinger Bands, the upper band is still sloping downward, while the middle band remains flat with no sign of upward strength — indicating a bearish setup overall.
In the near term, watch the 163–164 resistance zone closely. If the rebound fails to break above this area, it could be an opportunity to consider a short position, with a potential target near 161. A breakdown below the lower Bollinger Band support may signal further downside, so be cautious of increased bearish momentum.
