112 is the last support holding the 100 level for sol. The upcoming trend is very clear, after hitting a new low of 112 on March 11, it has been running on the daily chart for the past 10 days. Currently, a golden cross pattern has formed on the 2-day chart, just waiting for the hourly level to strengthen and initiate a successful rebound. The high point could reach around 149, and then the 3-day chart rebound might peak at 166, with the 5-day chart rebound reaching 180-184. Once these rebounds are effective, the weekly MACD shows that the bottom is continuously forming several hollow energy bars below the zero axis, indicating a slowdown in the decline. Therefore, the aforementioned rebound highs are the extreme highs in the coming weeks. Those trapped in long orders above 150 should seize the opportunity to escape. Because once these rebounds complete, there is a high probability that it will start to form a death cross, and a sideways consolidation phase may begin, potentially triggering a downward wave. Once it breaks through the 100 level, it will accelerate downwards, sequentially reaching around 84, 72, and 60. So, as I mentioned in my post yesterday, it can be said that we are currently at a node on the brink of a deep bear market.

In the last bear market, SOL fell from its peak to around 76 at the lower Bollinger Band on the weekly chart, then began a daily chart-level rebound to around 143, before quickly breaking through 100 and gradually making new lows down to 28. The drop on 3.11 to the lower Bollinger Band on the weekly chart was 112, and the current peak is exactly 36 points higher than the previous peak, 76 + 36 = 112. Therefore, the current trend is almost identical to the trend in the bear market of 2022.

Note that the rebound to 150-180 is the last chance for the bulls to escape!