Recently, SOL's candlestick chart is more exciting than a roller coaster!


Let's first look at this surface "violent rebound": last week it was lying in the ICU at 60, this week it suddenly surged 9% from the low point with a strong leap!
Does it sound like you're about to achieve financial freedom?
Don't rush, let's review the long-term ledger.
It retraced 75% from the January high, with a decline of over 41% so far this year, and the monthly line is still lying on the ground gasping for air, probably thinking: "Help me up, I can still... ah, no, I can still rise!"
However, although the decline was severe, Brother K-line won't lie: it has silently broken through the downtrend channel, not only standing above the EMA34 but also MACD has started to turn positive.
As the saying goes, after falling 75%, even a spring should bounce.
So, don't always think about pinpoint timing, and don't give up before dawn—after all, the sky is about to brighten, but you might still be asleep!

Short-term traders:
Wait for a pullback to 70-72 to buy in batches, stop loss at 68, first target 78-80, sell half.
After a volume breakout above 80, chase it, with a target of 85+ for the wooden 🪵 indicator.
Swing traders:
Wait for the daily close to stabilize above 80 before considering adding positions, otherwise hold in the bottom compartment.
Once 80-85 breaks through, the wooden 🪵 indicator directly targets 97-100.
Long-term believers:
Invest blindly below 70, increase position below 65.
SOL dropped from 294 to 60, an 80% decline, but the fundamentals are 10 times stronger than in 2024.
End-of-2026 target is 120-150, $SOL
SOL-2.36%
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