SOL continues to be weak, and there hasn't been a strong rebound where it should have, let alone a reversal.
The buying pressure from the bulls can be said to have completely given up resistance. Ultimately, it found support around 157 on the daily level, leading to a small-scale oversold rebound.
A rebound is not a reversal. The bullish framework has not emerged. A volume-decreasing rebound is unlikely to last long. Therefore, it's unnecessary to chase rebounds in weak coins. It is better to patiently wait for a larger structure to show signs of a stop and reversal before entering, as it will be much more stable.
In the evening, observe the performance near 157 again following US stocks. If it holds, a small double bottom will form, and a potential reversal may be established.
Attention should be paid to whether 167 can break through with volume and stabilize above, as that would provide a chance to continue looking upwards for a rebound to 176.
Upper resistance: 167/170/176.7/183.5/186.9
Lower support: 157.7/153.3/149.5
