Solana (SOLUSD) Price Trends above the Resistance Levels

Solana (SOLUSD) Price Forecast: September 19

The SOLUSD pair is in an uptrend. The coin is holding sellers back as it trends above the resistance levels, amid soaring network activity. The market as a whole is up 4.71% and on track to reach new highs as derivative traders become extremely optimistic about the asset.
However, this increase points to a possible 8% gain. The price of the coin may therefore swing significantly and reach the resistance level of $248.00, extending to the upper resistance level of $250.00, if the purchasing pressure persists. For interested traders, this would offer an investing opportunity and generate a powerful momentum rise.

Key Levels:
Resistance Levels: $246.00, $247.00, $248.00
Support Levels:    $126.00, $125.00, $124.00

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

The SOLUSD pair is gaining momentum as it broke through the resistance levels and hit a new high, suggesting a long-term positive market trend. At the recent high, nevertheless, the market is currently approaching the upper resistance.
The pair managed to hold above the supply levels in its most recent high due to the persistent bullish pressure at the $244.92 high value during the previous session.

The price of Solana is now trading at the $247.95 barrier level above the EMA-50 as the daily session gets underway, suggesting an uptrend given the strength of the market, and could push the coin price towards a significant level at the upper range, providing buyers a good starting point and drawing in new investors to the network.

The SOLUSD price is likely to surge higher than its current price level because the daily stochastic shows an upward trend.

If the $230.18 support level holds, buyers will be able to target the $250.00 upper resistance level shortly, increasing a longer-term recovery.

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

The price of SOLUSD is rising on the medium-term chart, and there is a strong bullish point that the coin price may increase to the upper resistance channel.
A bullish momentum is confirmed by the fact that the price of cryptocurrency is above the moving averages.

The coin’s recent high is bullish due to the bulls’ actions at a high level of $239.21 in the preceding action.

Shortly after the 4-hourly chart opened today, the bulls launched a bold move up to the $247.23 resistance level above the EMA-50, indicating growing platform activity and interest in a prolonged increase in Solana’s price.

Therefore, trading above the moving averages will allow the crypto market value to continue rising.

Thus, the coin price may rise above the current resistance level if the bulls increase their aggressiveness in the market, aiming for a significant high level at the upper channel.

Interestingly, Solana’s price is rising on the daily signal, which indicates that the currency may maintain its bullish momentum. In the medium term, this might push the token price over its current level and soon reach the upper resistance figure of $250.00.

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