Solana (SOLUSD) Struggles to Maintain Recovery Momentum

Solana (SOLUSD) Price Forecast: December 30

The SOLUSD pair is going north as it struggles to maintain recovery momentum and shows an average growth of 11% at $128.75. The coin buyers are getting stronger as the crypto market is gradually flipping upwards. Meanwhile, the crypto might continue growing if the bulls can add more aggression to their buying pressure. The $144.90 upper high mark might be reached soon, registering a growth of 21.5%.

Key Levels:
Resistance Levels: $142.00, $143.00, $144.00
Support Levels:    $122.00, $121.00, $120.00

SOL (USD) Long-term Trend: Bullish (4H 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 the $125.53 high value in the previous action has sustained the Solana price above the resistance trend levels as it struggles to maintain recovery momentum in its recent high.

Today’s 4-hour bullish candle, with a value above the EMA-50 at $128.75, confirms the bulls’ dominance in the market.

However, there are bullish signals above the $128.44, indicating a possible further increase in market value.

Furthermore, the SOLUSD price indicates an upward momentum according to the daily signal, struggling to maintain bullish momentum.

Thus, the pair will continue to increase to the upside, and this may reach the $144.00 upper resistance trend mark in its higher time forecast.

SOL (USD) Short-term Trend: Bullish (1H Chart)

The SOLUSD pair faces challenges in sustaining a bullish trend. The price remains above supply levels in the short term and is moving toward overhead resistance, which is above the moving average.
This movement signals bullish sentiment but also highlights the struggle to break higher.

The bulls’ activity on the coin at $123.78 in the previous action has enabled the price to keep strengthening above the supply level.

At the time of writing this article, the bull run caused a rise in the price of Solana to a high of $128.75 above the EMA-50.

Hence, a strong push above the $129.96 supply level will offer resistance to the crypto price, as it struggles to maintain recovery momentum, indicating a potential gain.

Solana’s price may likely rise, as suggested by the key indicator pointing upwards. More strength is expected from the coin, which may reach the upper resistance level of $140.00 in the coming days.

Buy Solana on eightcap.com