SOL 128 has established a bottom, and short positions dumping is a giveaway.

After the recent dumping of SOL to 128.7, it quickly rebounded, clearly indicating the last frenzy of the short positions. After testing the bottom on the hourly chart, it closed with a large bullish candle. The 4-hour chart accurately touched the lower Bollinger Band, forming a sharp drop and stabilization pattern. Additionally, the MACD has turned up from a low position, and the volume did not increase during the decline, indicating that the selling pressure has been exhausted early, merely panic selling. The decline from 171 has been sufficient, and with the key support level holding firm, it is a signal for a reversal to start.

Currently, around 130 is an excellent entry point, and this week we are directly aiming for the target of 160! Don't be scared off by this wave of dumping, bullish brothers hold steady and wait for takeoff.