• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Solana (SOLUSD) Buying Time Is Now

Johnathon Fox
11/11/2024 | UPDATED ON: 11/11/2024

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.
Solana (SOLUSD) Buying Time Is Now
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.
Solana (SOLUSD) Buying Time Is Now
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.

Buy Solana on Longhornfx

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « EigenLayer (EIGENUSD) Looks Good for Long at $3.30 Price Level
Next Post: Lucky Block Price Prediction: LBLOCKUSD Price May Soar to Break up the $0.0000398 Supply Value »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US