Solana (SOLUSD) Price to Accelerate, Breakout Imminent

Solana (SOLUSD) Price Forecast: September 2

The market price of SOLUSD may accelerate further, and a breakout is imminent as the cryptocurrency approaches the upper channel, indicating the presence of more buyers in the market. Based on the chart outlook, as investors continue to place bullish wagers, the correction phase will extend to confront the resistance at the $220.00 upper trend line if the daily candlestick closes above the $216.88 supply point.

Key Levels:
Resistance Levels: $210.00, $211.00, $212.00
Support Levels:    $155.00, $154.00, $153.00

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

As long as bulls stay focused on SOLUSD for long-term gains, the price may rise, and a breakout may follow.
The price’s move toward upper resistance above convergent trend lines signals a positive trend and higher volatility.

Bulls drove strong order flow to SOLUSD’s $214.43 resistance in the recent session, supporting the coin’s performance at its latest high.

After the completion of $200.29 previous low, Solana buyers swung up the token value to a high of $204.75 above the EMA-50, indicating great market excitement and an impending breakout.

Hence, if the bulls break through the $211.98 resistance, a breakout is anticipated, and the next swing up could reach the resistance level at the $216.88 peak barrier, strengthening the asset for more gains.

Similarly, the daily signal pointing upward suggests that a breakout is coming and that the price of Solana may surge higher.

Therefore, in its higher time frame, the price movement can reach the $220.00 upper resistance level in the upcoming days.

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

The medium-term forecast for Solana is still favorable. This time, the bulls are attempting to avoid falling. Additionally, a positive trend is confirmed by the coin prices being traded just above the moving average lines.
Given the strength of the market, the market price of SOLUSD rises from $202.93 to the high level of $204.57 above the moving averages, indicating an impending breakout and an uptrend.

Therefore, the transaction will be more on the buying side if the 4-hourly session closes above the $217.90 supply value.

Furthermore, a potential recovery of the $220.00 upper supply level in the upcoming days within the medium-term time frame is thus suggested by the Solana pair rising upward on the daily stochastic, indicating that the buying pressure may persist.

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