SOL-“Momentum Buildup Remains Essential”

4-Hour Analysis:

Big Picture: Solana’s recovery progressed slowly and gradually. Yet, its momentum is still not ramping up quickly, forcing the price to rise gradually. Solana has broken over the falling channel barrier, and if it can maintain this level for the next few hours, price could gather momentum.

On the Upside Solana is seeing resistance in the horizontal range of 21.20 to 21.30. For about a week, this resistance zone has been blocking all upside potentials. If buyers can build a stronghold above this level, a price surge to higher levels is possible. Strength above 21.30 leads price towards 21.90 next, followed by 22.05 to 22.15 levels.

On the Downside at 21.05, the trendline breakthrough level is now providing early support. Maintaining this support level will favor another push to the upside, while losing it would maintain the price in an indecisive trend. Dropping below 21.05 puts Solana back into the 20.60 to 20.30 range. Several challenges of range lows, on the other hand, have begun to erode that major support level. To keep lower supports valid, buyers should preferably step up and pull prices higher, otherwise the danger to the downside would increase.