Solana (SOLUSD) Price Forecast: July 4
With renewed buying interest, SOLUSD builds up bullish momentum at the $153.38 price level, indicating a healthy correction level for buyers. The coin price teases a breakout from $146.51 to a $153.38 high level. A daily candle closing above this barrier will uplift the asset and challenge the $204.12 peak level, extending to the $220 upper resistance level, creating an area of interest for buyers.
Key Levels:
Resistance Levels: $154.00, $155.00, $156.00
Support Levels: $124.00, $123.00, $122.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The SOLUSD pair builds up bullish momentum after its massive drop in its higher time frame. The coin price is above the moving averages with a bullish sentiment. 
The coin has been having a series of higher highs and higher lows from the past session which has made it possible for the bulls to build up bullish momentum and retain the strength in its recent high.
Today, Solana price builds up bullish momentum at $153.38 price level above the moving averages as the daily chart opens, confirming the bulls’ dominance and this may reach the upper high level soon, signaling the potential for further increase.
Thus, if this bullish growth pattern is steady, an established bullish momentum above the resistance level at $204.12 could be achieved.
Additionally, the momentum indicator pointing up on the daily stochastic indicates that the price of Solana is in an uptrend and may remain in that direction to hit the $220 upper supply level and beyond as soon as the coin builds up bullish momentum in the higher time frame.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
Despite the moves by the bears, the SOLUSD pair builds up bullish momentum, suggesting that the pair may reach the $170.82 supply level soon. The coin is trading above the EMA-50, confirming its bullishness. 
The high bullish impact on the crypto at the $149.66 high level in the previous action has contributed to its bullishness in its recent high.
Today, from a 4-hour low of $147.00, Solana bulls swept the bearish momentum under the rug, pushing the price to an intra-day high of $153.38 above the supply level at press time. This however makes it possible for the coin to build up bullish momentum and rise further.
Hence, the daily signal indicates an uptrend. It means that the bulls may continue to build up the bullish momentum. In this case, the coin price may reach the $220.00 upper resistance level, providing suitable support for buyers to regain higher recovery in its medium-term outlook.
Buy Solana on Longhorn
Leave a Reply