SOL-“Important Session Ahead”

2-Hour Analysis:

Big Picture: Solana survives another session after holding onto the trendlines. Price has reversed once more and is on track to retest the 2-hourly EMA-200. This will be a key test for the bulls, and any break above it could lead to a stronger squeeze to the upside. While rejection can keep the overall trend choppy and indecisive

On the Upside the initial surge has been capped at 13.95 to 14.05 levels. This is a strong intraday resistance level that would require more determination from buyers to break. The next resistance is at 14.20, where the 2-hourly EMA-200 is visible. Surpassing this would be a significant boost for the Bulls, who will then target 14.40, to 14.95-15.25 levels.

On the Downside Solana has immediate support between 13.70 and 13.60. Below these, the next supports are lower, ranging from 13.50 to 13.40. The trendline-based support region is shown here. As long as these holds, the overall price will stable; however, losing these would expose Solana towards 13.00 to 12.75 levels.