Solana (SOLUSD) Price Forecast: October 4
The SOLUSD price is positive today and its buying time is now as the coin market bulls have currently increased their presence in the market. If the coin prices sustain above the previous high of $32.40, the bulls’ trend would continue upward and might possibly hit the $32.00 upper high level.
Key Levels:
Resistance Levels: $22.00, $23.00, $24.00
Support Levels: $14.00, $13.00, $12.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The SOLUSD remains bullish and also suggests the buying time is now in the higher time frame. This is clear as we can see the prices trading above the EMA.
The bulls’ activity at the $23.87 supply level in the past few days has made the coin price remain strong above the supply trend line in its recent high.
With sustained buying, the Solana price challenged another resistance zone of $24.25 above the moving average as the daily chart resumes today, indicating buyers’ attempt to prolong the bullish rally. More gains are possible if the bulls can put extra effort into the price action.
Additionally, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of Solana further up to a significant level and in this case, the target might be the $32.00 supply level in the higher time frame.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
On the medium-term chart, prices are above the moving average and have confirmed a bullish momentum breaking the previous high which also suggests its buying time. The pair is in a smooth uptrend as can be seen from the chart below.
This is a result of consistent buying in the previous action which has sustained the crypto market to remain bullish in recent times.
SOLUSD is losing bearish momentum as it rises to a $23.79 high level above the EMA-50 as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, Solana is showing more upside possibility as shown by the momentum indicator pointing upwards. We can certainly expect more gains and strength from the coin. The pair may likely reach the $32.00 upper resistance level soon in its medium-term time frame. Hence, a buying time for the coin holders.
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