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SOL surged upward in yesterday’s trading, but the pressure around 86 couldn’t hold steady; multiple attempts to push higher were followed by pullbacks, leaving the trend on the weaker side.
Now it is oscillating around 85. The short-term rebound is only a repair of the decline, not a trend reversal. On the four-hour level, the rebound has met resistance multiple times; overhead pressure is stronger, volume is insufficient, and bullish momentum is limited.
From a technical perspective, the 86 area is still key resistance. Until it breaks through effectively, maintain a weak consolidation. Below, watch the 83 support; if it breaks, prices may move further downward.
For intraday trading, rebound-based shorts are the main focus. Place short positions in the 86-88 range, with targets at 83. If it probes the bottom and stabilizes, you can consider short-term long positions at low levels to bet on the rebound.
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