SOL Market Trend Analysis 20250504 - Day 595

After rebounding for two days, the daily chart has started to oscillate downwards (gradually declining), seemingly waiting for a drop in Bitcoin before making a correction.

The decline is for better upward movement; waiting for SOL to return to the daily MA30 line, which is around 135, will be a very good entry point in the short term.

If the price reaches the 110-120 range, be bold in increasing your position; even if you get caught, it won't take long to break even.

In recent months, SOL has been oscillating in a large range between 110 and 180, building a base while waiting for interest rate cuts to then embark on a main upward wave.

Daily level resistance: 160-172-183-204; support levels: 135-124-112-98-82.