From the 4-hour cycle perspective, SOL completed an initial deep retracement, stabilized at the low point of 83.31, then oscillated at low levels to grind out a bottom. The bearish momentum is basically exhausted, and the market's center of gravity continues to shift upward. The bulls' counterattack is clear in rhythm. Currently, with increased volume, it is pushing higher toward the 87.05 resistance level. In the short term, it is operating with a slight strength, and the probability of continuing upward based on support around 86 is relatively high.



May 21, Thursday SOL trading suggestion: Buy near 85, target up to 89.
SOL0.38%
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