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$SOL From the four-hour chart, the overall movement shows a clear pattern of oscillating upward trend + sharp rise followed by a pullback + healthy correction, forming a bullish main upward rhythm. After the initial move from the low point of 91.710, bullish funds continued to enter, with the lows constantly moving higher and the highs continuously breaking new levels, strongly surging to a high of 98.360, fully opening up upward space.
After reaching the high, the market entered a normal upward consolidation and correction phase. During the price pullback, there was no deep breakdown or sharp decline, and the correction was gentle and orderly, typical of a bull trend's shakeout and buildup phase. This effectively digest previous profit-taking and clear out weak hands.
Currently, the price stabilizes around 95.190, with the four-hour level consistently holding the key support zone. Each dip quickly rebounds and stabilizes, with solid buy support below. The downward momentum rapidly exhausts, and the space for bears to push down is completely locked.
Overall, the bullish structure remains intact, and the upward trend has not changed. The current oscillation and pullback are just a pause for recharging during the rise. As long as the key support is not broken, the upward momentum can resume at any time, testing and challenging the previous high of 98.360. A new round of bullish rally is brewing, and the outlook remains firmly bullish for continued upward movement.
Wednesday, 5.13 SOL trading strategy: Buy near 93, target up to 98.