From the end of Jan, SOL didn’t rebound much. The price is more likely to fluctuated near the previous low. The confidence of the long side seemed not enough. Because the price broke the support level over the weekend. Throughout the Feb-Rebound, SOL performed worst consistently .
Conclusion: Mostly fluctuation. Based on the performance of SOL, we reset the support level (86) and the resistance level (118). Do you remember we mentioned in our previous report that the slope of the decline increased in Jan? From the graph, though SOL has exited the high-slope bearish channel , it came back into the previous low-slope bearish channel .

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