Solana (SOLUSD) Price May Experience another Retracement Trend Soon

Solana (SOLUSD) Price Forecast: February 25

The price of Solana (SOLUSD) may shortly experience another retracement trend. The coin price may soon reverse to the upside for another likely uphill trend. If buyers can show their power and trade hands with sellers at the daily bearish candle at the $155.34 support level, the price might retrace to retest the previous high of $271.96 and much farther, suggesting a growth opportunity of 70%. Thus, 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: Bearish (Daily chart)

The long-term market value of SOLUSD may experience another retracement, as the selling pressure is about to subside. The market is having a bearish posture due to the inflow from the sell traders.
The sustained pressure from the bears at the $166.40 support level during yesterday’s session has contributed to its bearishness in its recent low.

Today, the bears dropped the Solana price to a $155.34 support level below the moving average due to low bullish momentum.

Meanwhile, the SOLUSD price may experience a trend reversal from the mentioned support if the bulls can wrestle trend control and trade hands with the bears at the $155.34 current support.

The coin price may retrace and surge to hit the $271.96 resistance point, providing the foundation for an upward trajectory.

Furthermore, Solana’s price may experience another retracement soon and face the upsides as the market is now trading below the 10% range of the daily stochastic, indicating that the selling pressure will end shortly.

As a result, the emergence of coin investors is crucial to resume an uptrend and may likely break up the $271.96 supply level in the days ahead in its higher time frame.

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

In the medium term, the Solana price showed a silent recovery under a rising trend pattern, indicating the impending next significant price shift.
Solana price is experiencing another retracement trend as buyers are obtaining dynamic support from this trend line, showing new higher lows to restore the recovery sentiment. The bulls have benefited from the recent market structure.

The $160.25 price level suggests a solid resistance for the SOLUSD price as a pullback below the EMA-50 as the 4-hour session resumes today. Because there is currently a bullish correction in place, the bulls will likely continue climbing.

Hence, a breakout above this barrier, with a 4-hour candle closing could signify a shift in the market dynamics.

Such a breakthrough would enable buyers to regain control and potentially drive the price toward the $241.82 prior high mark, as the token experiences another retracement trend.

Similarly, the daily stochastic is pointing upward in the oversold area of the daily signal, indicating the SOLUSD price is likely to continue moving north.

Hence, there is no longer any selling pressure, and we can anticipate the forthcoming retracement trend to quickly achieve a high of $271.96 supply value in the days ahead in its medium-term time frame.

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