The Coiled Spring: $SOLV Prepares to Unwind
The daily chart for $SOLV shows the market has become a "coiled spring." The price is being compressed between the rising force of recent buying pressure and the heavy overhead resistance of the major downtrend line.
This compression is happening at the market's center of gravity: the Point of Control at 0.04368. This is a classic sign of energy being stored before a volatile release.
A breakout above the trendline for #solv would unleash this stored energy, likely propelling the price of $SOLV upwards through the weaker volume nodes above.