4-Hour Analysis:
Big Picture: Once 92-93 level resistance was taken out a huge reaction was seen that took SOL to as high as 103. Moving forward, there is a significant amount of opposition that must be overcome in order to maintain the level of excitement. EMA-200 4-Hour is resisting the upside at 101.50. Bulls need to take this level out to open further upside towards 104.50 followed by 110.
![](https://bkcryptocrusher.com/wp-content/uploads/2022/03/SOL-4-H-1st-March-1024x502.png)
On Downside the initial support for the day is at 93, followed by 92. This previously strong resistance has now become a powerful support. As a result, this level is expected to operate as a solid support and prevent any further losses for the day. Losing this, although unlikely, will reopen 88-85 as next supports.
On Upside Due to the presence of EMA-200 4-Hourly, 101.50 is considered as a big hurdle for the day. However, if the bulls win the fight, they are likely to set new targets in the range of 104.50-107, followed by 110. This level of 110 remains a critical level that, if broken, opens the way for a range expansion to the upside, with targets of 120-132-148.