Within the four-hour framework, the SOL pair shows only limited rebound movement, as the price remains stuck below the resistance FVG area between 138 and 142.9. The short-term highs appearing along the way reveal a lack of real demand, while the Ichimoku cloud with several supply zones above the price forms a barrier preventing any effective upward attempts, reducing the chances of a breakout.
Volume behavior also indicates that what is happening is merely a technical correction; activity improves slightly at the lows and then declines as the price rises, meaning that buying is defensive and not a new influx. If SOL does not surpass the 142 level, it makes sense for prices to return to fill the FVG located between 128 and 123.9.
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XRP
2.1666
+4.04%
SOL
143.97
+5.94%