4-Hour Analysis:
Big Picture: The strength sustained, resulting in a breakout on Solana. Solana has currently sparked multiple breakouts, but is now testing the important level of EMA-200. This will be another intra-day milestone if price surpasses this as well. Furthermore, Solana’s Relative Strength Index (RSI), which was earlier struggling at 70-73 levels, has returned to these levels. For price to maintain its momentum, this indicator should preferably show additional strength, which would lead to higher levels.
![](https://bkcryptocrusher.com/wp-content/uploads/2022/09/SOL-4H-9th-Sept-1024x489.png)
On the Upside the price is now holding the drive around 35.20 due to intra-day pressure from the EMA-200. Breaking this will take price next towards 37.40. This will be an important S/R level for Solana. Breaking this would result in another good breakout, paving the way for even higher levels in sessions to come.
The Downside 33.70-32.30 to serve as supports once again. These will be crucial re-test levels. Failure to hold would expose Solana back towards supports at 31.30, followed by 30.50.