The SOL rebound is unlikely to change the downward trend.
Today, the brief rise in SOL is a weak rebound. The hourly MACD shows a divergence, and the daily chart has a bearish setup with a death cross, indicating pressure. The volume is insufficient to break through key resistance, leaving no real room for upward movement. In the chaotic industry, retail investors focus only on profits, and most projects struggle to sustain themselves. SOL is expected to return to a decline, so avoid chasing highs!
Consider shorting around 140, with a target of around 135. If it breaks, continue to look for around 130!
