12-Hour Analysis:
Big Picture: After breaking above its December 2023 highs, Solana has maintained the breakthrough levels. This is an encouraging sign for bulls, and a sustained hold above this range will put bulls in a better position to achieve higher peaks. However, breaking over the RSI resistance zone would be critical in moving Solana from bullish to strongly bullish conditions.
![](https://bkcryptocrusher.com/wp-content/uploads/2024/03/SOL-12H-4th-March-1024x502.png)
On the Upside price is pushing back against the 132.30 resistance level. This barrier has caused some short-term pushback for the bulls, but once overcome, a greater momentum could come about, initially towards 135.80 level, followed by 139.90, and eventually into the 144.95 levels.
On the Downside a couple of lower time frame supports have held up nicely. However, the support from 126.40 and 124.30 proved to be the most important. These are macro-range level supports; meanwhile within the lower time frame, there are a couple of additional supports at 128.60 and 127.25 levels. Meanwhile, these lower-time frame supports are able to bear minor selling’s, but the macro-range supports must hold to preserve bulls in a potentially hyper bullish position.