Sol drifting in demand for a bounce

8 Nov 2023

Sol is looking to continue its uptrend maintaining the 20SMA. We are seeing a meaningful pullback with dropping RSI right into the local demand which should be a bounce zone. I looked and the depth on coinbase and others is pretty high around that zone. I think we see 48$ in the next 2 weeks. The wick I marked does tell a story of eager sellers, but it also shows just how quickly a bid can be caught on the token. I predict a hard bounce from demand or a grind right to 48.