After SOL dropped to the first support level, it started to consolidate. Today, it has already broken below the 229 level, indicating that yesterday's rise was merely a strong rebound at the 4-hour level. Currently, it is a failed rebound at the 4-hour level, turning bearish!
Today, pay close attention to the 229 level. As long as it holds above this level at the 4-hour level, the smaller time frames may start to rise, driving a rebound at the 4-hour level. The targets/resistance levels to watch above are around 233.5-237.6-240.9! (If it holds above 229, the daily level will also turn bullish)
If the smaller time frame cannot rise above 229 today, it indicates that the rebound lacks strength, and the price will not go up. Continue to pay attention to the support levels below around 224.3-220.4-216.5!
