Solana (SOLUSD) Price Keeps to Its Bullish Path

Solana (SOLUSD) Price Forecast: January 21

As the SOLUSD pair rises steadily and keeps to its bullish path, the coin price remains in focus, sparking heated discussion among investors. With growing adoption and market interest, the coin price is experiencing a massive inflow, registering about 25% growth. Thus, if the coin closes above a $295.00 current high mark, the accelerated buying pressure may swing the token price to hit a new all-time high at the $300.00 upper resistance level, indicating a growth opportunity of 70%. Thus, a potential buy signal for coin traders.

Key Levels:
Resistance Levels: $293.00, $294.00, $295.00
Support Levels: $142.00, $141.00, $140.00

SOLUSD Long-term Trend: Bullish (Daily chart)

The long-term market value of Solana keeps to its bullish trend. The coin price is closer to the upper level and confirms a bullish race due to the high impact of buy investors in the coin market.
However, the bulls’ pressure to the $270.00 high value in the last session has enabled the crypto price to keep its bullish path above the resistance trend levels in its recent high.

At the time of writing, the SOLUSD price increased to a reliable resistance at a $295.00 value above the moving averages as the daily session began today, resulting in intraday gains. This will prolong the bullish trend and fuel the release of more buy investors into the market.

Currently, the price signal is pointing upwards, indicating a bullish trend. In this case, the Solana price could surge to hit the $300.00 supply mark sooner as it keeps to its bullish path in its long-term outlook.

SOLUSD Medium-term Trend: Bullish (4H chart)

An increase in buying pressure has made the SOLUSD pair keep to its bullish path and remain in a bullish market zone. The price currently trades above the EMA-50, making higher highs and moving towards the major upper resistance area.
The sustained bullish pressure at the $ 264.77 level in the past few hours has enhanced the coin price to keep to its bullish path in its recent high.

Earlier today, the long traders caused a rise in the price of Solana to a high at the $295.00 level above the moving averages, creating an area of interest for coin buyers as it keeps to its bullish path.

Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A breakup above the $295.00 current peak level would strengthen the bullish pressure.

Additionally, the price of SOLUSD pointing upwards on the daily stochastic suggests an uptrend. As a result, the buy investors might move the price action of Solana up and may likely hit the $300.00 upper resistance level in the coming days as it keeps to its bullish path in its medium-term time frame.

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