4-Hour Analysis:
Big Picture: Solana eventually caused intraday profit-taking, but the 42.30 support level stopped the slippage and reversed price with a reasonable reaction. To reclaim its aggressiveness, Solana must now hold these supports and surpass the recent high. Failure to do so would just keep prices choppy between the stated levels.
![](https://bkcryptocrusher.com/wp-content/uploads/2022/08/SOL-4H-12th-Aug-1024x489.png)
On the Upside 44.40 is a solid resistance level for the day. Solana must break through this level in order to move further towards 45.20, 46, and eventually towards 47.85. This will be a fine profit-taking mark for the prices, but a break above 47.85 would shift Solana from neutral to bullish.
On the Downside 42.20-41.10 have given a solid support on its re-test. If these levels are able to hold the price, Solana can regain its intra-day strength; however, losing these supports exposes price back towards the channel-based support at 40.20-38.50.