Solana (SOLUSD) Price Reaches Its Buying Time at $229.72 High Value

Solana (SOLUSD) Price Forecast: October 9

Today, the SOLUSD price is gaining traction towards the upper range of the market, suggesting it’s buying time for interested traders. The accelerated buying pressure may swing the coin price above the current value of $229.72, reaching the $253.61 prior resistance. Thus, if the coin prices sustain above the mentioned previous high, the bulls’ trend would continue upward and possibly hit $260.00 upper high level, renewing investors’ strength on the asset.

Key Levels:
Resistance Levels: $235.00, $236.00, $237.00
Support Levels:    $138.00, $137.00, $136.00

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

As SOLUSD enters a key buying opportunity today, it shows positive momentum. Over the longer term, the price maintains a bullish trend. This signals a buy for long-term traders.
The coin has entered a buying phase and maintained its recent peak due to a pattern of higher highs and lower lows in the last session.

Nonetheless, the cryptocurrency’s price reached its buy point today at $229.72, exceeding resistance, suggesting traders may consider purchasing.

The possible rally might therefore soar further to reach the prior barrier level of $246.73 if Solana’s price could hold above the $241.33 peak high level, reflecting optimistic sentiment among investors.

Furthermore, the upward-pointing momentum signal indicates that the positive trend will continue. Given this, SOLUSD price might hit the $253.61 supply value, suggesting its buying time in the long run.

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

On the 4-hour chart, Solana prices are above the moving averages, confirming a buying time and remains bullish above the moving average, breaking the previous high. The pair is in a smooth uptrend, as seen from the chart below.
Reaching its buying period and maintaining its bullishness at its latest high were made possible by the strong bullish influence on the cryptocurrency at the $221.04 high level in the preceding action.

Starting today, the medium-term chart shows that SOLUSD is losing bearish momentum as it rises to a high of $229.72 over the EMA-50, as a result of a strong bullish influence on the market price.

Therefore, the price trend may surge to a high of $249.05 if the bulls can increase their buying pressure, giving purchasers the support they need to rebound more quickly.

However, the daily signal pointing upward suggests that the SOLUSD pair may continue to grow and stay in its positive zone.

In light of this, the price of Solana may reach the $255.00 upper resistance level, maintaining a further growth potential for the buy traders.

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