After the recent 109 slump, SOL is recovering and is now trading at 137. So will there be another drop?
Let's explore the 4H chart ๐
The selling pressure has weaken and may have been exhausted when market had a sudden downturn yesterday. The bulls are back, as the 4H KDJ oscillator is starting to detect FOMO volume recently.
Moreover, the daiky KDJ oscillator has long been suggesting a bounce back to 202. Right now, there's literally a lot of reasons to be bullish with SOL.
We have a thick resistance at the 135-143 price zone. So it's just normal that SOL is now struggling to go past this zone.
FOLLOW for more.
If you're still looking for a safe, low cap, x1000 token, checkout PITBULL. The community will launch a telegram game and pitswap 2.0 very soon.