Solana (SOLUSD) Price Overcoming Selling Pressure

Solana (SOLUSD) Price Forecast: April 22

SOLUSD price is overcoming selling pressure as it recovers steadily towards the overhead resistance, providing the foundation for an upward trajectory. The bulls obtained suitable support at the pattern’s rising trend line to accumulate the asset at the jumps. Thus, if the coin closes above the $271.96 prior high mark, 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: $141.00, $142.00, $143.00
Support Levels: $115.00, $114.00, $113.00

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

The long-term market value of Solana is moving in a bullish direction, overcoming the selling pressure with the bullish sentiment. The coin price is slightly above the supply level, confirming a bullish race, due to the high impact of the buy investors.
The bulls’ pressure on the coin to a $140.50 resistance level in the previous action has enabled the price to retain its upward growth.

However, amid the recent sell-off in the crypto market, the SOLUSD price increases and breaks from the support trend line to the $143.13 resistance level as the daily session opens today, suggesting an uptrend and also showing that buyers are relevant.

Meanwhile, the SOLUSD pair is overcoming selling pressure, and this may continue, as indicated by the daily stochastic pointing up.

In light of this, the coin price may surge to reach the $280.00 upper resistance level in the days ahead in its long-term perspective.

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

SOLUSD indicates an upward trend with a bullish sentiment in its medium-term perspective. The coin is trading above the EMA.

However, the market is presently facing resistance at the recent high due to the bullish impact on the crypto.

The bulls caused an increase to the $141.19 resistance level above the moving averages as the 4-hourly chart opens today, confirming that the crypto market is overcoming selling pressure.

The SOLUSD has remained an overperforming asset throughout March and an upside breakout from a bullish pattern reflects the aggressive nature of buyers.

Hence, if the Solana price sustains above the current resistance level, the resulting rally may surpass the $147.60 previous peak and hit the $280.00 psychological level at the upside in the days ahead in the medium term.

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