Solana (SOLUSD) Price Suggests a Good Buy at $132.00 Level

Solana (SOLUSD) Price Forecast: April 16

Solana’s price is positive today. The crypto suggests a good buy at the $132.00 price level above the supply trend levels. The coin is surging to record its highest 4-hourly close. Therefore, if the bulls could sustain the coin price above the pattern supply trend line at the $147.60 high mark, the price may trigger up to the overhead resistance mark at the $150.00 upper high level, providing coin buyers with an excellent entry opportunity.

Key Levels:
Resistance Levels: $132.00, $133.00, $134.00
Support Levels: $95.00, $94.00, $93.00

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

The SOLUSD pair suggests a good buy at the current price level above the EMA-50 in the higher time frame. The coin price trades above the moving average with huge volumes from the bulls.
However, the bulls’ pressure to the $131.10 high value in the previous action has sustained the coin price above the resistance trend levels in its recent high.

The four-hour time frame chart shows bullish momentum building around Solana at $132.00 above the supply level, which may surge above the $147.60 prior high level, provided the bulls add more strength to their buying motives.

Furthermore, the SOLUSD price suggests a good buy by pointing upward on the daily signal. As a result, the pair might continue to rise and could reach as high as the $150.00 upper resistance trend mark in the days ahead in its long-term outlook.

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

SOLUSD is trading in a bullish trend market and also suggests a good buy at the $132.00 current price level in its short-term outlook.
The prices are above the moving averages and have confirmed a bullish momentum, breaking the previous high.

Earlier today, the bullish trend caused the price of Solana to rise to the $132.00 high level above the moving averages. This current trend suggests a good buy and will allow the price to remain in the positive territory and break out to the upsides.

Thus, a possible breakout from the current retracement at the $132.00 neckline will accelerate the buying momentum and push the prices to hit the $136.00 previous resistance, as it experiences a remarkable surge.

Hence, the price of SOLUSD pointing upwards on the daily stochastic suggests a good buy in the coming days. In light of this, the buy investors might move the price action up and the $150.00 upper resistance level might be the target in the coming days in its lower-term forecast.

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