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SOL broke directly below the 20-day moving average (168 USD) on May 29, which completely stunned the short-term long positions. It is clear that someone has started to take profits and executed a Rug Pull.
🟢 Can the long positions turn around next?
The key is whether the support at $153 can hold!
If SOL rebounds strongly from 153 and re-establishes above the 20-day moving average, the market may enter a new range of fluctuations.
As long as it can break through 180 dollars, SOL is likely to start a new round of rebound, aiming directly at the resistance area of 210-220 dollars!