Solana (SOLUSD) Struggles to Maintain Recovery Momentum

Solana (SOLUSD) Price Forecast: July 23

The SOLUSD pair shows an average growth of 10% as it struggles to maintain recovery momentum, going northwards. Meanwhile, the crypto might continue growing if the bulls could add more aggression to their buying pressure. In light of this, the price target may be the $270.00 upper high mark, registering a 21.5% growth.

Key Levels:
Resistance Levels: $189.00, $190.00, $191.00
Support Levels: $108.00, $107.00, $106.00

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

The SOLUSD pair has maintained a steady price recovery momentum sentiment in its long-term perspective. The coin price has recently ignited a potential surge above the resistance level, indicating a bullish momentum.
The coin price has remained above the resistance trend levels due to persistent bulls’ pressure at $181.52 high value in the preceding action.

Amid the recent sell-off, Solana price showed a massive breakout at a $191.33 resistance value above the EMA-50, confirming the bulls’ dominance in the market.

Thus, if the bulls change their orientation and speed up their buying actions, the coin price may break out, reaching a prior high at $218.97 before a range breakdown.

Furthermore, the SOLUSD price indicates an upward momentum on the daily signal as the crypto struggles to maintain recovery momentum.

As a result, the token will continue to increase to the upside, and this may reach the $270.00 upper resistance trend mark 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 strongly 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 $182.07 high level in the previous action has enabled the SOLUSD to struggle and maintain recovery momentum in its recent high.

Earlier today, the bull run caused an increase in the price of Solana to a high of $191.33 above the moving averages. Hence, a strong push above the current supply level will offer robust resistance to the crypto price, resulting in a potential gain.

Additionally, Solana’s price may surge higher as indicated by the key indicator pointing upwards. Due to this, the bulls’ next target might be the $270.00 upper resistance mark in the coming days in its medium-term outlook

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