12-Hour Analysis:
Big Picture: Solana continues to consolidate after a major sell-off. It has been holding supports fairly well, but this strength is meaningless unless 37.40 is restored. Multiple failures, on the other hand, would result in a re-test of the swing lows of June.
![](https://bkcryptocrusher.com/wp-content/uploads/2022/09/SOL-12H-15th-Sept-1024x539.png)
On the Upside strong resistance has been noticed from 34.50 level. Following this the next resistance is at 35.40. Surpassing these levels would reopen the door to a move towards 37.40. This level is a critical one to reclaim if additional upside is to be seen. Failure to do so would continue to limit the upside.
On the Downside 33.40 & 32.30 have been holding against any further sell-off till now. Maintaining these supports is critical too off-set any further selling. Losing these supports exposes Solana back towards 30.50, followed by supports at 29.98-29.30.