After SOL broke a new low over the weekend, it recovered above 125 during the day. Short-term price behavior shows signs of stopping the decline and finding a bottom. However, there hasn't been a significant volume released at the key positions. In the short term, this is not the bottom; we need to see a period of sideways consolidation. A strong breakout above 150 followed by a pullback would confirm the bottom. The current bearish trend requires a long period of oscillation before a reversal is possible. Short-term rebounds are also expected, but chasing shorts is not recommended.
Several Positions to Watch
Support Position
First Position 127
Second Position 125
Third Position 120
Resistance Position
First Position 145.2
Second Position 151.8
Third Position 160
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