Solana (SOLUSD) Price Is Heading Towards the $271.96 High Value

Solana (SOLUSD) Price Forecast: April 9

SOLUSD is making positive moves, heading towards the $271.96 peak resistance value, following the return of the bulls. The coin gave a bullish breakout from the $107.76 level, suggesting buyers are making a recovery attempt. Thus, should the bulls improve their buying swagger and the crypto’s price sustains above the $260.76 high level, the potential rally could surge and extend to towards the $271.96 upper high level and beyond, suggesting a high recovery and a possible buy signal for coin investors.

Key Levels:
Resistance Levels: $240.00, $241.00, $242.00
Support Levels: $169.00, $168.00, $167.00

SOL (USD) Long-term Trend: Bearish (Daily Chart)

The Solana is heading towards the peak resistance level as it begins its new bullish correction in its long-term view.

The price is below the moving average, but it seems that the bulls are about to take over and push us higher.

The sustained bearish pressure at the $102.86 support value during the previous action has made the crypto’s price stay below the supply trend line.

Hence, after completing the lows, the SOLUSD price moved to a $107.76 high level below the EMA-50 as a pullback as the daily chart resumes today, heading towards the peak high value, due to more concerns from the buy investors.

Therefore should the bulls increase their swagger in the market, the price might head towards the $271.26 high mark, offering a good entry point for coin buyers.

Also, the momentum indicator pointing up in the oversold region indicates that the price of SOLUSD is in an uptrend and may remain in that direction to hit the $271.96 supply level and beyond soon in the higher time frame.

SOL (USD) Medium-term Trend: Bearish (4H Chart)

The market price of SOLUSD is currently trading below the resistance trend lines in the medium-term outlook, due to the inflow from the short traders.
The crypto has been an interference with the sell traders in the previous action and dropped the price below the supply levels in its recent correction.

The bulls made a corrective rally up to a $107.76 supply trend line slightly below the moving averages shortly after the 4-hourly session opens today, indicating that the bulls are making an attempt to push the Solana price to the upside and may rise toward the $147.60 resistance mark if additional power is added to the buying activities.

Further, the SOLUSD price is pointing up, indicating an uptrend on the price indicator; suggesting that the buying pressure will continue.

As a result, the bullish race might increase and head towards the $271.96 resistance level and beyond in the coming days in its medium-term outlook.

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