12-Hour Analysis:
Big Picture: SOL once more is showing signs of strength. However we are still not in a clear run as there are still a few strong levels that need to be broken before going aggressively bullish. Price is once more challenging the Wedge Pattern, breakout paves path towards higher levels.
![](https://bkcryptocrusher.com/wp-content/uploads/2022/03/SOL-12H-21st-March-1024x516.png)
The Upside Once crucial resistance of 90 was abolished, SOL expanded the ranges. However, it was also indicated that there are several significant resistances in the area of 92-97 that will make it tough for price to sustain. These levels remain a significant price barrier. However, if price can break above 97, the daily EMA-50 level, a considerably larger and longer-lasting surge is likely.
On Downside initial support for the day is seen at 88.60 followed by 84.50 as the next intra-day support. If this level is lost, much stronger supports of 80-78.60 will be reopened. Expecting 80 to act as firm bottom for the day, limiting any potential fall if seen.