Solana (SOLUSD) Price Jumps above the $150.00 Resistance Level

Solana (SOLUSD) Price Forecast: October 21

The SOLUSD pair witnessed renewed recovery as the price jumped above the $150.00 resistance level, trying hard not to fall by resisting sellers. The coin price is in an ascending channel. In case the bulls’ pressure increases above $188.41, the coin price may extend to a $200.00 high trend line, suggesting a rise in volatility.

Key Levels:
Resistance Levels: $152.00, $153.00, $154.00
Support Levels: $135.00, $134.00, $133.00

The SOLUSD pair is skyrocketing as the price jumps above the $150.00 resistance level, suggesting the investors’ confidence and interest in the asset in its higher time frame. The coin price is now strongly trading above the moving averages with huge volumes from the bulls, indicating a bullish momentum.

The coin has been having a series of higher highs and higher lows from the past session which has made it possible for the price to jump above the resistance level and retain the strength in its recent high.

The Solana price shows the continuation of bullish sentiment as it jumps above the resistance level at $157.47 as the daily chart commences, and the price continues to sustain an upward move as indicated by the momentum indicator.

However, the downside risk remained uncertain. Thus, the next bulls’ target might be the $200.00 high level in the days ahead as the price jumps above the resistance levels in its long-term outlook.

Despite the interference of short-term traders in the price flow, the SOLUSD price jumps above the resistance levels, indicating a high impact from the coin buyers in its medium-term outlook. The crypto price is progressing upward above the EMA-50 approaching the overhead resistance, indicating an uptick trend.

The high bullish impact on the crypto at the $152.96 high level in the previous action has contributed to its price jump in its recent high.

On the 4-hour chart today, the Solana bulls swept the bearish momentum under the rug as the coin price jumped to an intraday high of $154.47 above the EMA-50. It suggests a buy signal and encourages the buy traders to invest in the coin as potential future gains are guaranteed. Thus, if the bulls breach the $161.36 resistance, the next resistance level to watch out for would be around the $188.00 level.

Currently, the price signal is pointing upwards, indicating a bullish move; in this case, the price of SOLUSD could jump above the $161.36 supply level and extend to the $200.00 upper resistance trend level as soon as the coin price jumps above the resistance level in its medium-term outlook.

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