Solana (SOLUSD) Price Overcomes Selling Pressure at $245.23 Level

Solana (SOLUSD) Price Forecast: January 20

The SOLUSD pair has recorded a notable growth as it overcomes selling pressure in the ongoing crypto market rally. The bulls obtained suitable support at the pattern’s rising trend line to accumulate this coin at the jumps. Thus, if the coin closes above the $264.63 peak barrier, the accelerated buying pressure may increase the coin price to reach the $280.00 upper resistance level, resulting in a potential buy signal.

Key Levels:
Resistance Levels: $20.00, $21.00, $22.00
Support Levels: $15.00, $14.00, $13.00

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

The Solana market is full of opportunities for exponential growth as it overcomes selling pressure in its long-term view. The coin price is above the moving average, making higher highs and higher lows, indicating an uptrend. The upward trend will likely continue following the increasing volume by the bulls.
The coin has been having a series of moves by the bulls, making it easier for the crypto price to overcome selling pressure and remain firm in an uptrend in its recent high.

Today, the SOLUSD pair overcomes selling pressure as it rises to a $245.23 high mark above the EMA-50 as the daily chart opens, anticipating further gains ahead as it continues its upward trajectory.

Thus, if the bullish trend persists, the coin price is expected to retest the $264.63 previous resistance level and aim for the $250 target.

Meanwhile, the Solana price indicates an upward momentum on the daily signal, indicating that the pair will continue to increase to the upsides, leading the crypto price to the $280.00 upper resistance trend mark in the coming days, as it overcomes selling pressure in its long-term outlook.

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

The long–term chart of the Solana pair shows that the price has overcome selling pressure with a bullish sentiment as it remains in an uptrend. The price currently trades above the EMA-50, confirming its bullishness.
The breakout to the $221.27 supply value in the last session has made the coin overcome selling pressure and retain its bullish strength lately.

Earlier today, the coin buyers caused a rise in the price of SOLUSD to a high at the $245.23 level above the moving averages, creating a robust area of interest for buyers as it overcomes selling pressure.

The SOLUSD remained an over performing asset last year, and an upside breakout from a bullish pattern reflects the aggressive nature of buyers.

Hence, if the Solana price sustains above the $245.23 current resistance level, the resulting rally may surge to hit the $280.00 psychological level at the upside in the days ahead in the medium term.

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