Solana (SOLUSD) Trends Bullish at $177.97 Price Level

Solana (SOLUSD) Price Forecast: May 28

The SOLUSD pair has a prospect of breaking out as it trends bullish, capturing the attention of investors in the coin market to invest more in the asset. The positive momentum comes as the cryptocurrency overall market shows signs of revitalization. If the coin prices hold above the previous high of $271.96, the bulls’ trend would continue upward and might swing to hit the $280.00 upper high level, resulting in an intraday gain for coin traders.

Key Levels:
Resistance Levels: $267.00, $268.00, $269.00
Support Levels: $130.00, $129.00, $128.00

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

Solana market trends are bullish and remain stable at the upside with a bullish sentiment in its long-term perspective. The coin price might surge above the current level if the bulls could increase their swagger.
The sustained bulls’ action on the crypto at a $175.99 high in the last session has contributed to its bullishness at its recent level.

Today, the daily chart reveals that SOLUSD price trends bullish at a $177.97 price level above the resistance level, strengthening investors’ confidence in the asset and driving expectations for future gains.

Conversely, proving harder by the bulls could accelerate buying pressure and increase the coin price to reach the $271.96 peak barrier level, triggering a flurry of interest among investors.

Meanwhile, the market price of Solana is pointing up on the daily projector, implying that the selling pressure is unlikely. In light of this, the expected upside in the price could be high at $280.00 in the coming days in its long-term outlook.

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

On the medium-term chart, the price of Solana trends bullish with a clear signal that the coin price might surge to retest its prior resistance. The crypto price is above the moving averages, confirming a bullish momentum.
The increase in the bullish momentum to a $175.99 supply value in the last session has enabled the SOLUSD price to remain in an uptrend.

At the time of writing, SOLUSD is losing bearish momentum as it rallied to a $177.97 high level above the moving averages, as the 4-hourly chart begins today, indicating a potential for a prolonged correction in Solana’s price.

However, high buying pressure and a potential breakout above the $185.54 prior supply could propel the token price toward the upper resistance level, setting the potential for further growth.

Notably, Solana’s price is in an upward direction as indicated by the price indicator, suggesting the crypto might continue to trend bullish.

As a result, the coin price might swing to its recent swing high at $185.54 and extend to the $280.00 supply mark in the coming days in the medium-term outlook.

Buy Solana on eightcap.com