SOL is re-testing the long-term rise trend line after experiencing a period of stable weekly falls. As long as this support level holds, the likelihood of a rebound to the $150-$170 range is quite high.
However, if the weekly closing price falls below the trendline, it indicates a weak trend and may lead to further declines.
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SOL is re-testing the long-term rise trend line after experiencing a period of stable weekly falls. As long as this support level holds, the likelihood of a rebound to the $150-$170 range is quite high.
However, if the weekly closing price falls below the trendline, it indicates a weak trend and may lead to further declines.