Solana's recent trend is still quite interesting. It previously dropped to around 120.5 and then stabilized, followed by a continuous rebound, indicating that there is genuine buying support at the bottom. However, the rebound momentum has somewhat weakened; the 4-hour K-line remains below the middle band of the Bollinger Bands, suggesting a technical correction from the downtrend rather than a trend reversal. But at least it's not a straight plunge downward.

On the 1-hour timeframe, the situation looks different. The lows are gradually being raised, and more bullish candles are appearing, indicating that short-term market sentiment is warming up. How long this rebound can last remains to be seen, but the overall direction is correct. Generally speaking, this is a rebound within a weak market—there's resistance above and support below, and in the short term, it's a phase of oscillation and correction, not a one-sided crash like before.

If you're looking to enter the market, consider buying if the price retraces to the 121.8 to 122.2 range without breaking below. The target is around 123.8 to 124.5. Set your stop-loss below 120.4; if it effectively breaks below this level, you should exit and not fight it.