Solana (SOLUSD) Price Overcome Selling Pressure at $134.97 High Mark

Solana (SOLUSD) Price Forecast: March 22

Today, the rising SOLUSD price breached the $133.94 resistance neckline to overcome selling pressure as it recovers and faces the upper channel. The bulls obtained suitable support at the pattern’s rising trend line to accumulate the coin at the recent jump. Thus, if the crypto closes above the $179.27 peak level, the accelerated buying pressure may increase the coin price to reach the $180.00 upper resistance level, resulting in a potential buy signal.

Key Levels:
Resistance Levels: $134.00, $135.00, $136.00
Support Levels: $127.00, $126.00, $125.00

SOL (USD) Long-term Trend: Bullish (4H Chart)

The long-term market value of Solana has overcome the selling pressure while moving in a bullish direction above the resistance levels. The coin price is trending above the moving average, confirming a bullish race.
Hence, the bulls’ pressure to the $134.81 high value in the last session has sustained the coin price to maintain its bullish trend above the resistance trend levels in its recent high.

However, amid the recent sell-off in the crypto market, Solana overcame selling pressure and showed a massive breakout from the support trend line at a $130.30 low value to a $134.97 resistance level above the EMA-50 as the 4-hourly session opens today, indicating that buyers are actively buying for bullish expansion at this level.

With sustained investors’ enthusiasm, the token price could surge to touch the $129.27 prior resistance level, enabling bulls’ recovery to foster a higher price resulting in an intraday gain for buyers.

In a like manner, the momentum indicator pointing up indicates that the Solana price will remain on the upside as it overcomes the selling pressure, and a $130.00 high level might be the target in the days ahead in its long-term perspective

SOL (USD) Short-term Trend: Bullish (1H Chart)

SOLUSD indicates an upward trend with a bullish sentiment in its short-term perspective. The coin is trading above the EMA-50, suggesting an uptrend.
However, the market is facing resistance at the recent high due to the high bullish impact on the crypto.

The pair overcame selling pressure as the bulls caused an increase to the $134.95 resistance level above the moving averages as the 1-hourly chart opens today, confirming the presence of more bulls in the market.

The SOLUSD has remained an overperforming asset throughout February and an upside breakout from its recent high of $134.95 to the $136.71 prior bullish pattern will reflect the aggressive nature of buyers.

Hence, if the Solana price sustains above the $136.71 peak resistance level, the resulting rally may surpass the $179.24 high level and hit the $180.00 psychological level at the upside in the days ahead in the lower-term time frame..

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