📊 SOL Daily Chart Current Situation Analysis

To get straight to the point:
SOL is currently experiencing a technical rebound during a downtrend. The internal structure is gradually being repaired, but there are no confirmed signals of trend reversal yet.

**Overall Framework**

The trend still leans towards bearish, but signs of recovery are emerging. The price is repeatedly testing around the EMA28 (approximately 130.5), which itself still has a downward slope, indicating that the medium-term bullish foundation is not yet solid. However, a positive sign is that the price is no longer making new lows, and the bottom during the rebound is gradually rising.

In other words: this is not a strong bullish market, but a counterattack after the bearish momentum has been exhausted.

**Why is there a rebound here?**

It seems simple, but behind it are three forces acting simultaneously:

First, profit-taking by the short-sellers. The recent decline has already shaken out most of the weak hands, and short-sellers need to recover their losses. Second, investors who missed the previous move are testing the waters. They’re thinking—if it doesn’t rebound now, will I have completely missed the boat? So some start placing orders to test. Third, the main players are probing the bottom. They’re checking whether the market has the capacity to absorb buy orders and whether the bottom is truly firm.

So what you observe is: the rebound isn’t very fast, but it’s also not being pushed back strongly. This is a typical rhythm of “bottoming out → testing → waiting for confirmation.”

**What is the most critical task at this position?**

SOL now faces a crucial task—testing whether the EMA28 can shift from a “resistance level” to a “support level.”

If the price just touches EMA28 and gets pushed down again, it’s just a rebound with little significance. Conversely, if it can stay above EMA28 for several days, then it qualifies as a “structural repair.” Currently, it’s still trying but hasn’t overcome this hurdle.

**Key levels to remember**

Below: 133–130. Falling below this range indicates the rebound has failed.

Above: 145–148. This is a dense trading zone where bears are most capable of launching a counterattack.

To truly strengthen the structure, two things must happen—EMA28 must stabilize, and the price must break through the upper resistance zone. So far, only the middle step has been reached, and the momentum is still developing.

**Overall impression**

SOL now resembles a typical technical rebound after a deep decline, testing the EMA28. But to establish a bullish pattern, the path must continue. There’s no need to rush to conclusions in the short term; a cautious, observant attitude is more appropriate.

Risk warning: This analysis is solely based on technical market observation and does not serve as any trading decision advice. Cryptocurrency markets are highly volatile; please pay close attention to risk management.