SOL-“Key Resistances Above”

4-Hour Analysis:

Big Picture: On the strength of the morning star formation, Solana stayed strong throughout the session. However it has still not been able to surpass the congestion ahead. To change the tides in the bulls’ favor, Sol must get acceptance above this zone.

The Upside remains same with the primary resistance level at 37.40 along with EMA-200 at 38.30. Bulls must overcome these important barriers in-order to bring second phase of excitement.  Establishing a stronghold above the EMA-200 is expected to call upon aggressive bulls who then are likely to target 40–42 at first then 47.80 in sessions to come.

On the Downside at the 35.30 level, there is likely to be significant support. The next support is at 33.80 after that. This level has been holding strongly ever since it was turned from resistance to support. The Solana major support level is situated at level 31.10.