Recently, those watching SOL's movement are probably feeling anxious—this rebound from 132.5, is it a real opportunity or just a trap? Instead of overthinking, it's better to let the candlestick charts do the talking. From a 1-hour perspective, the logic becomes clear.



First, the conclusion: this rebound is just a stress response at the support level, far from a true reversal. After being rejected in the 143-144 range, the subsequent sharp decline has already turned the short-term structure into a correction pattern. A small rebound alone can't turn the tide.

Some might ask: "It’s already risen nearly 6 points from 132.5, isn’t that enough for a reversal?" Here, a key concept must be clarified—judging whether it's a reversal or a rebound depends on two main points: first, whether it recovers the critical break zone; second, whether there is volume support. Currently, SOL is still obediently below the break zone, with resistance at 138-139 acting like an invisible city wall—breaking through it isn't that easy.

Looking at market sentiment: how strong is the seller’s defense near 143? The last plunge already gave the answer. Now, buyers are trying to exert effort around 132.5, but this looks more like an "overly fallen market’s instinctive rebound," rather than an organized attack. The key is that we haven't seen sustained increasing volume, indicating buyers are still lacking confidence. Such momentum can't support a genuine reversal.

Overall, this rebound is more like a short-term breather rather than a directional shift. Caution is advised for holding positions, and those trying to bottom fish should wait and see.
SOL-1,38%
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DegenWhisperervip
· 1h ago
It's the same old trick. We've tried to cross the 143 hurdle multiple times, and this time won't be any different.
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LazyDevMinervip
· 01-10 06:50
Same old trick again, trying to fool people into bottom fishing with a 132.5 rebound? Dream on. SOL can't turn the tide in this wave; insufficient volume is a clear signal. I've seen that 138 wall too many times; it just can't be broken. Instead of guessing blindly, it's better to wait for a breakdown confirmation; anyway, you can't run when it falls. The sellers' defense line is so strong, the buyers haven't organized well at all. It's just a short-term breather; I won't touch it.
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ser_we_are_earlyvip
· 01-10 06:33
Hmm... it's the same old trick again, can't break through 143 no matter what, feeling exhausted.
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ApyWhisperervip
· 01-10 06:28
Oh no, it's the same old trick. The volume doesn't cooperate at all, and they still want to reverse the trend. That's hilarious.
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GasFeeWhisperervip
· 01-10 06:26
It's the same old trick again—rebound, rebound, and it has to be labeled as an "acute stress response." Still struggling below the breakdown level; that 138-139 wall is really tough. I never touch rebounds without volume. Let's wait until it truly breaks through. For now, hold onto the SOL in hand; it's still too early to be bottom-fishing.
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