Learn to read price trends, and you will hardly be surprised by them. As we can see$ SOL gained liquidity from the previous maximum value and was pushed up, causing the price to enter the price discovery stage. From here on, there are two reasons why the price is close to an important area: - the price is close to the important Fibonacci level (predicted level 1) - the price is close to the psychological level of $300. This level is difficult to break through immediately on the first attempt. The market needs to increase liquidity as much as possible to push prices above psychological thresholds. That's why there is downward absorption. All long pending orders have been accepted and closed by collecting the liquidity required to raise prices above $300 in the market.