4-Hour Analysis:
On Upside first intra-day resistance is seen at 104.50. This has been an important level for SOL previously. However breaking above this level opens further upside towards 107 followed by 110. Within 110-115 there are multiple strong resistances that are likely to invite intra-day profit-taking. However once SOL starts to stronghold above this congestion zone a breakout towards 120-140 will be next target region.
Big Picture: SOL remained strong as momentum dragged price towards further highs. However now short term consolidation would be a good thing here for SOL to re-settle and cool-off the indicators. Any hyper move from here will be limited at 110-115 region followed by aggressive profit-taking.
On Downside to confirm the breakout, SOL can re-test 94-92. This is where strong horizontal and EMA based supports are observed. A successful re-test of these ranges would boost the bulls in re-strengthening for even higher targets. It looks unlikely but if the price falls below 92, the next significant support level is 90, followed by 84.50. For the time being, 90 is likely to operate as a firm bottom, restricting additional decline.
