SOL – “Choppy Price Action to Continue”

4-Hour Analysis

Big Picture: Not much has changed for SOL. SOL has remained ranged as well like many others. But as long as 80 level support remains intact re-testing the Supply Zone at 110-115 in-coming days will remain on cards. Expecting further choppy price action.

On Downside 87 is giving constant support. Having said that yesterday as well, continuous testing of this level would just make it weak and eventually open doors for another test on 80 level. 80 is still likely to act as the bottom for the day however any breach of this level opens 65 as the next major support level.

On Upside 93 is acting as immediate resistance now followed by 96 as ranged mid-level. SOL needs to break and hold above 104 in order to pave path towards 110-115. If bulls could climb back above 96 and consolidate there for a while, such Price Action would provide fuel to break above 104 in coming days.