The rise of $SOL is very strong, like a brilliant rainbow crossing the sky. Since hitting a bottom of $127 yesterday, it has started to rise and has now successfully broken through and reached a high of $138.
Judging from the long-term positive trend with the first 50 basis point interest rate cut, such a rise should have been completed in the early morning, but it was delayed until this morning to reach the expected level.
At present, $SOL is still continuing to rise, but there has been a bearish phenomenon after breaking through $138. In this situation, due to the short-term and volatile nature of the price trend, we can only predict the future trend through the hourly candlestick chart, and it is not possible to analyze it from the daily level. For short-term trading, the support level at $136.5 is very important, if this support level is not broken, then we can continue to consider buying on the dip.
