Solana (SOLUSD) Price Forecast: November 4
Due to the high bullish impact on SOLUSD, the price is currently running a bullish race and approaching the peak level while remaining stable at the moment. The coin price is heading towards the overhead resistance level as the crypto is facing high pressure from the bulls. Thus, a sharp breakout and closure above the current correction phase at the $44.60 high value will invalidate any bearish thesis and the price might hit the high at the $48.00 level and beyond, resulting in a potential buy signal for the coin buyers.
Key Levels:
Resistance Levels: $20.00, $21.00, $22.00
Support Levels: $15.00, $14.00, $13.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The long-term chart of Solana looks amazing as the price is moving in a bullish direction approaching the upper peak level as can be seen from the chart below. The coin price now trades in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
During yesterday’s session, the pair reached and held the $41.18 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.
The bulls made an increase to the $44.60 supply value above the EMA-50 shortly after the daily chart opened today. This indicates that the buy investors are actually dealing in the coin investment.
Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels at $46.97 to invalidate any further bearish action.
Adding to that, the SOLUSD price is also pointing upwards on the daily stochastic, this suggests that the coin price which is approaching the upper peak level may likely continue in an upward direction and this might reach the $48.00 upper resistance level soon in its higher time frame.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
The SOLUSD pair is also approaching the upper peak level and remains in an uptrend in the medium-term time frame. Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present. 
The persistent buying pressure from the bulls in the past few hours has made it possible for the coin to remain above the supply level in recent times.
On the 4-hour chart today, there is a broader recovery in the prices. After completing the low dips at the $37.94 low level, the coin price jumped up to a $40.65 supply level above the moving averages as the bulls took to their stand approaching the upper peak level.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally may therefore head towards the $48.00 high value in no long time in the medium-term time frame.
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