January 19 SOL Market Outlook

After a rapid decline to 129, the price stabilized, and the support at the 130 integer level initially proved effective. The 129-131 range forms a short-term strong support zone.

Following a sharp drop below the lower Bollinger Band, a rebound occurred, indicating a release of oversold conditions and a repair demand is being unleashed.

Despite the steep decline, trading volume did not continue to expand, showing signs of phase-wise exhaustion of selling pressure.

SOL Trading Suggestions: Pull back near 130-126, then look upward toward 138-148.