Solana (SOLUSD) Price Signals a Buy Trade

Solana (SOLUSD) Price Forecast: September 5

The SOLUSD price remains in the spotlight as the pair signals a buy trade and continues to increase on its positive trajectory, sparking intense investor debate. The coin price is experiencing a significant surge due to rising market interest and adoption, registering a nearly 15% gain. Therefore, the intensified buying pressure may cause the token price to reach a new all-time high at the $220.00 upper resistance level, indicating a 20% growth chance, if the coin closes above the previous high of $216.88. Thus, a possible buy signal for coin traders.

Key Levels:
Resistance Levels: $215.00, $216.00, $217.00
Support Levels:    $126.00, $125.00, $124.00

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

Solana’s market value keeps rising, driven by strong buying activity. The price remains close to the upper level, signaling a bullish trend.
However, the cryptocurrency price was able to maintain its positive trajectory above the resistance trend levels at its most recent high due to the bulls’ drive to reach the $209.70 high value in the previous session.

As the daily session started today, the SOLUSD price rose to a dependable resistance at $213.00 level above the EMA-50, resulting in intraday gains at the time of writing.

This will encourage additional buy investors to enter the market and sustain the positive trend.

Notably, the price indicator is currently heading upward, suggesting a positive trend. In this instance, if Solana continues on its positive trajectory in the long run, the price may rise to reach the $220.00 supply mark sooner.

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

The SOLUSD pair has maintained its positive trajectory and remains in a bullish market zone.
This is due to a rise in buying pressure. With higher highs and a move into the main upper resistance level, the price is now trading above the EMA-50.50.

The coin price has been able to maintain its positive trajectory at its current high due to the persistent bullish pressure at the $211.44 level during the last several hours.

The price of Solana rose above the moving averages to a high of $213.00 earlier today as a result of long traders, generating excitement among coin buyers as it continues on its positive trajectory.

Therefore, maintaining above supply levels suggests a high likelihood of a bullish correction. The bullish pressure would be reinforced by a split above the prior peak level of $217.90.

Furthermore, a bullish trend is suggested by the SOLUSD price pointing upward on the daily stochastic.

As a result, if Solana continues on its positive trajectory in the longer term, buy investors may push the price movement upward and possibly reach the $220.00 upper resistance mark in the upcoming days.

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