SOL trend analysis

Conclusion: The main force has entered to protect the market, the daily cycle has fallen to the lower boundary of the downward channel, supported and rebounding without breaking. The cycles below 4 hours have formed a multi-cycle divergence, a rebound is imminent, and the upper level focuses on 150K.
Line Shape: The 1-hour level has recently formed a V-shaped reversal, rapidly rising from a low of 130.52 to 138.27. After breaking through the previous high of 137.21, it has shown a volume contraction and a daily level descending channel breakout pattern. On November 18, a large bullish line broke through the 5-day EMA resistance, closing above the 137 integer level.
Technical Indicators: MACD: The DIF and DEA on the 1-hour level continue to expand after a golden cross below the zero line, and a bottom divergence appears on the daily level. RSI: The 1-hour level rebounds from the oversold area (24.94) to the neutral zone (59.77), and the daily level breaks above the 30 strength and weakness boundary. EMA: The 1-hour level forms a bullish arrangement of the 7/30 EMA (136.69>136.02), and the daily level 7 EMA (141.18) begins to flatten.
Trading volume: During the key reversal period (November 18, 15:00-16:00), there was a continuous two-hour trading volume of over 200,000, accompanied by a price breakout at the daily level. The trading volume on November 18 shrank by 47% compared to the previous day, but the price rose by 6.99%, showing a characteristic of rising on decreased volume. #sol