SOL-“Make or Break Levels”

12-Hour Analysis:

Big Picture: SOL has returned to its previous range lows. This level of support has been holding for a few months now, making it a strong support previously and still holding. If this level is to hold for a longer period of time, a quick reaction to this level is essential; otherwise, several efforts would likely break the support, exposing SOL to lower lows.

On Upside the initial resistance is at 90, followed by 93. A break above 93 could push the price up to 94.50. Sol appears to be in a strong bearish grip, and going higher will be challenging. However, a break over 94.50 is likely to reopen the 97-100 zone. On the Downside Strong supports can be found at 80.80 and 77.50. For a few months now, these supports have kept the price from sliding further. It is critical for SOL to keep them, or else another selling will occur, exposing SOL to 72 initially, followed by 68 and 65.