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

First, let's 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!
Does that 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 chart 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, the candlestick big brother doesn't lie: it has silently broken through the downtrend channel, not only standing above the EMA34, but the MACD is also starting to turn positive.
As the saying goes, after falling 75%, even a spring should bounce.
So, don't always try to hit the exact bottom, 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, set a stop loss at 68, and aim to sell half at 78-80.
After a volume breakout above 80, chase it, with a target of 85+ for a wooden 🪵 target.
Swing traders:
Wait for the daily close to stabilize above 80 before considering adding positions, otherwise hold in the bottom cabin and wait.
Once it breaks through 80-85, the wooden 🪵 target directly looks at 97-100.
Long-term believers:
Invest blindly below 70, increase the 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: 120-150, $SOL