In the four-hour frame, the soL pair shows only limited rebound movement, as the price remains stuck below the G7 resistance area between 3a and 2ha. The short-term fluctuations that appear along the way reveal the weakness of actual demand, while the Ichimoku cloud with several resistance areas above the price acts as a barrier preventing any significant upward attempts, which reduces the chances of a breakout.
Volume behavior also indicates that what is happening is merely a technical correction, as activity improves slightly at the lows and then retreats as the price rises, meaning that buying is defensive and not a serious influx. If the price does not exceed the O level to return to fill FG 142, it is logical to expect the range between 128 and $SOL
SOL
124.07
-3.07%