4-Hour Analysis:
Big Picture: The strength prevailed over the day. The momentum continued for the third day. Moving forward expect partial profit taking to kick in now. However if Bulls can manage to climb above the supply zone then further extension of relief will be seen. SOL as of now is out of aggressive selling grip and back into Neutral to partial Bullish territory.
On Downside 104 acting as immediate support followed by 98. SOL can still re-test the break-out levels of the previous Range between 104-98. This zone is likely to act as bottom for the day. However 80 still remains to be a major daily support.
On Upside First level of intra-day resistance is seen at 110-115 region. Any break and stronghold above this region is likely bring the next supply zone at 125-130 into play. This is where 4-Hour based EMA-200 is also observed hence making this level a major resistance and aggressive profit taking zone as well.
