Solana (SOLUSD) Price Forecast: November 11
The SOLUSD pair is back in the green again, suggesting its buying time is now. The crypto prices saw a surge maintaining a trading session above the supply level as bulls pushed to reclaim the $203.49 resistance, showcasing renewed investors’ interest. Having finished the lows, if the coin prices sustain above the $203.49 current level, the bulls’ trend would continue upward and may hit the $215.00 upper high level, resulting in a buying opportunity for coin investors.
Key Levels:
Resistance Levels: $202.00, $203.00, $204.00
Support Levels: $124.00, $123.00, $122.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of Solana indicates its buying time is now as the prices continue to move up north towards the upper resistance levels above the EMA-50, indicating strong bullish momentum.
The sustained bull pressure at the $198.00 supply value in the previous action has made it possible for the SOLUSD price to stay above the trend line, suggesting its buying time is now in its recent price level.
The bulls caused a rise to a $203.49 high level above the EMA-50 as the daily chart opens today, indicating that the traders are actively buying at this level, boosting the recovery pattern.
Solana pair has recently experienced a price surge, suggesting its buying time is now and might swing and break its current high of $203.49 if further bearish pressure is restricted.
Next, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. Buyers may push the price of SOLUSD further to a significant level, and in this case, the target might be the $215.00 supply level soon as the market structure depicts its buying time is now in the higher time frame.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
Solana buying time is now as the price shows promising signs of recovery while the price remains pressured above the crucial level, indicating a significant upward trend.
The coin prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.
The increase in bulls’ activities at the $203.22 supply value during the past action has enabled the SOLUSD price to stay strong above the resistance lines, indicating its buying time is now at its recent high.
Today, Solana’s price has seen a surge, hovering at the $203.49 resistance value above the EMA-50 as the 4-hourly session opens, indicating a bullish trend and a buying time for coin traders.
Hence, should the buying pressure persist, and the bulls close the 4-hourly chart above the $203.49 current resistance level, the ongoing recovery could bounce up the market price of SOLUSD to remain stable at the upside and stop any further bearish moves.
Additionally, the daily stochastic signals an uptrend; if the bulls could push harder and sustain the coin price above the current high level at $203.49, the resulting rally may further bounce up to hit the $215.00 upper resistance level as the crypto suggests its buying time is now in its medium-term perspective.
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