I have been able to notice the movement that $SOL has had in the last few days.
As you can see, the asset is currently in a pennant shape from a graphical perspective of the price action.
Technically: The 50,200 moving averages confirm that it has started an uptrend without first going through a very small period of distribution, followed by accumulation.
Macd in 4H TF. It gives us a possible bullish convergence.
I do not want to use the Rsi at the moment.
If $SOL manages to break the resistance, it will go to the level marked in the previous post. Liquidating the bears.
As I told you, if I can make an entry. I will keep you informed
