Solana (SOLUSD) Struggles to Maintain Recovery Momentum

Solana (SOLUSD) Price Forecast: May 19

The SOLUSD pair is going north as it struggles to maintain recovery momentum, showing an average growth of 12%. Meanwhile, the crypto might continue growing if the bulls could add more aggression to their buying pressure. The $271.96 previous mark might be reached and extend to meet the $280.00 upper resistance level soon, registering a growth of 15.5%, suggesting a good entry point for buy traders.

Key Levels:
Resistance Levels: $170.00, $171.00, $172.00
Support Levels: $115.00, $114.00, $113.00

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

SOLUSD has maintained a steady price structure as it struggles to maintain recovery momentum with a bullish sentiment in its long-term perspective.
The price bar is above the moving averages, indicating a bullish momentum. Thus, the recent market structure has favored the bulls.

However, the sustained bulls’ pressure to a $183.761 high value in the last few days has sustained the Solana price above the resistance trend levels as it struggles to maintain recovery momentum in its recent high.

Today’s daily bullish candle at $166.01, which rises to a $171.97 value above the moving averages, confirms the bulls’ dominance in the market.

However, bullish signals exist above the $166.01 opening candle, indicating a possible further increase in the market value.

Further, the SOLUSD price indicates upward momentum on the daily signal as it struggles to maintain recovery momentum. Thus, the pair might continue to increase in value to reach the $271.96 prior supply and extend to hit the $280.00 upper resistance trend mark in the days ahead in its long-term outlook.

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

The SOLUSD pair also struggles to maintain recovery momentum as it remains above the supply levels in the medium-term perspective.
The price bar is trending towards the overhead resistance above the moving average line, confirming its bullishness.

The bulls’ activity on the coin at the $166.03 high level in the previous action has enabled the pair to struggle and maintain recovery momentum in its recent high.

Earlier today, the bull run caused a rise in the price of Solana to a high at the $171.97 level above the moving averages.

Hence, a strong push above the $184.80 supply level will offer strong resistance to the crypto price to soar higher, as it struggles to maintain recovery momentum, indicating a potential gain.

Additionally, Solana’s price will soar higher as indicated by the key indicator pointing upwards, we can certainly expect more strength from the coin, leading to the $280.00 upper resistance level in the coming days in its medium-term outlook.

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