Solana (SOLUSD) Price Holds Above the$160.69 Supply Level

Solana (SOLUSD) Price Forecast: July 19
SOLUSD price holds above the $160.69 supply level, indicating strong demand in the crypto market. The crypto price retesting the $204.12 supply value is crucial as the market price is heading to the upper resistance zone. Therefore, if the bulls could trigger their forces in the market, the price may reach the $210.00 high level, indicating a high momentum rally.

Key Levels:
Resistance Levels: $161.00, $162.00, $163.00
Support Levels: $140.00, $139.00, $138.00

SOL (USD) Long-term Trend: Bullish (Daily Chart)
SOLUSD price remains bullish and holds above the $160.69 supply level as it walks towards the upper resistance, indicating a high bullish momentum on the higher time frames.

The bullish impact on crypto, which has reached a $162.62 supply level in the past session, has sustained its firmness and has held it above the supply levels in its recent trend levels.

Today, at the time of writing, Solana‘s price holds above the resistance trend levels at $163.84, as the daily chart opens.

As long as the crypto price holds above the pattern trend line, the price may continue to increase and hit the $204.12 resistance barrier, entering another fresh correction.

Notably, the upward-pointing momentum indicator indicates that the bullish trend will likely remain above the supply level. Hence, the SOLUSD price might extend to the $210.00 upper resistance value soon in its long-term outlook.

SOL (USD) Medium-term Trend: Bullish (4H Chart)
The momentum on the higher time frame of SOLUSD remains above the supply levels, indicating a bullish trend.

Sustained pressure from the long traders to a $162.62 high mark in the previous action has made the Solana price hold above the supply levels in recent times.

, the bulls swept the bearish momentum under the rug, pushing the coin price to an intra-day high of $162.80 above the moving average at press time.

Thus, staying above the supply levels suggests a good probability for a bullish correction. Therefore, a big break-up above the current resistance point will boost the bullish pressure and hold above the supply level.

Additionally, Solana’s price might continue to hold above the supply level, as indicated by the key indicator pointing upwards. In light of this, the coin price could reach the $204.12 upper resistance mark soon, suggesting a high momentum rally in its medium-term outlook.

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