SOL continues to consolidate weakly. Short-term bullish momentum is lacking. After multiple pressure tests of the rebound, it ultimately follows the market trend and falls with increased volume.
The decline is not deep, but the rebound is very weak, with small levels in narrow oscillation. The current price is 163, and this position has low trading value. I personally do not recommend participating in this narrow oscillation area. With unclear direction, the risk-reward ratio for both sides is not appropriate; it is only suitable to observe with an empty position.
In the short term, treat it with an oscillation mindset, mainly short on rebounds, with some support for long positions.
Only after the 4H level stands firmly above 176 with strong volume can it be considered a bullish reversal. Otherwise, it should be treated with a mindset of oscillation and correction.
Lower support still focuses on the daily level support around 157. Maintaining this area gives a chance to see a bottom formation and then observe for a rebound.
Upper Pressure: 167.36170/176.7/183.5/186.9
Lower Support/161.2/157.7/153.3/149.5