Solana (SOLUSD) Shows Stability as It Approaches the $230.00 High Level

Solana (SOLUSD) Price Forecast: September 10

The SOLUSD pair’s recovery potential shows stability as it gets closer to the $230.00 high level, supported by a consistent increase in total volume at the $216.97 level. The increasing volume suggests that investors are becoming more interested and concerned. Therefore, if the daily candlestick closes above the current supply, the correction phase will continue to reach the resistance at the $230.00 upper trend line, providing a good entry point for coin buyers.

Key Levels:
Resistance Levels: $216.00, $217.00, $218.00
Support Levels:    $124.00, $123.00, $122.00

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

The SOLUSD pair is experiencing high volatility and stability approaching the overhead area, providing a cool-off for sellers in its long-term view.

At this point, the price bars are above the moving average line, indicating an uptrend.

The bulls’ pressure and threat on the cryptocurrency to the $214.15 supply level in the previous action have enabled the coin price to retain its upward growth lately.

As of this writing, the Solana shows stability as it approaches the Upper Channel at the $216.97 high level above the EMA-50, as the daily chart opens today, indicating that traders are actively buying at this level.

Hence, amid the recent bullish flag pattern formation, the coin price could trigger a hit on the $220.00 barrier if the bulls increase their tension in the market, creating a strong area of interest for buyers while showing stability as it approaches the upper high level.

Hence, the market is pointing up on the daily signal, quickening the emergence of more buyers to move the price of SOLUSD up to a significant level on the upside, and this might reach the $230.00 supply trend mark, registering a buy signal for the coin traders as the market shows stability and remains strongly bullish in its higher time frame.

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

The SOLUSD pair is positive and shows stability as it approaches the crucial level on the upside in its medium-term time frame, trading in a bullish trend.
The price is trending above the resistance trend lines, suggesting an upward trend due to the high impact of long-term traders on the price flow.

In the meantime, the bullishness in its recent high has been aided by the bulls’ strong order flow at the $213.87 high value in the previous trading session.

Today, Solana price finds reliable resistance at around the $216.97 supply mark above the EMA-50, resulting in intraday gains as the 4-hourly session resumes.

This pattern is causing market players to react, and a breakout should present a favorable opportunity for a buy entry.

Hence, the pair pointing up on the daily stochastic implies that the SOLUSD price may continue with the current bullish pattern, and this might get to the $220.00 barrier, extending to the $230.00 upper resistance level as the coin price shows stability at the upside.

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