The daily line shows a relatively long bearish candle, and the trading volume has been increasing for four consecutive days. This volume is the largest for recent bearish candles, indicating a short-term top. The daily MA30 line has also shown a slight downward turn, and the MACD upward momentum is weakening. If a death cross pattern appears, the price will need to further decline and adjust.
I have been saying that without effectively staying above the 200 integer level, SOL is still in adjustment.
In the short term, after a rapid decline, there will always be an hourly-level rebound. The strength of the rebound depends on Bitcoin and Ethereum. Recently, SOL's trend has been following Ethereum. As long as Bitcoin rebounds and does not fall, SOL will continue to rebound and rise.
Daily resistance levels: 206-220-236-254, support levels: 175-164-145-136.
