SOL – “Strength Persists”

1-Day Analysis:

Big Picture: Solana has been on a run recently. It’s aiming to retake the crucial level of 37.80. If the price reclaims this level, it will once again open the range of 37.80-59.00 on a broader view, while first heading towards the Mid-Level. Failure to regain, on the other hand, would only induce intra-day profit-taking in anticipation of a re-test of immediate supports.

On the Upside Solana is making another effort to breach over 37.80. Reclaiming and maintaining this level would open the door to more gains to the upside. Initially around 39.20-40.40, next 41.10-42.30.

The Downside 37.40 to establish itself as the session’s initial support. The next level of support is 36.30, followed by 35.40. Solana has now built a few supports down below. However unlikely for the session but losing 35.40 would open 34.00-33.70 yet again.