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 👇
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.
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