Solana (SOLUSD) Price Forecast: June 10
The SOLUSD price is likely going to increase to the $30.00 supply mark as the bulls are in a recovery attempt at the moment. In case the bulls should defend the selling pressure at the$18.52 low level, an increase in the bulls’ momentum may breakup the resistance level of $27.12 and this may increase the coin price to the $30.00 upper high trend line and beyond.
Key Levels:
Resistance Levels: $22.00, $23.00, $24.00
Support Levels: $18.00, $17.00, $16.00
SOL (USD) Long-term Trend: Bearish (Daily Chart)
The SOLUSD pair is in a bearish market zone in its long-term outlook. The price bars are below the moving averages, indicating a downward trend. This is due to the high interference from sellers which is about ending soon.
The sustained pressure from the bears at the $18.52 support level during the yesterday’s session has contributed to its bearishness in its recent high.
The crypto rebounded from the mentioned support with a pin bar hammer candle at the $18.89 supply value below the moving averages as the daily chart opens today. This indicates a genuine reversal which may attempt the $27.12 breakout.
Similarly, the Solana price now indicates an uptrend in the oversold region; this suggests that the buying pressure has just begun. Thus, the forth coming bullish rally may increase the crypto price to a high at the $25.00 level and extend to the $30.00 upper resistance trend line in the days ahead in its higher time frame.
SOL (USD) Medium-term Trend: Bearish (4H Chart)
The Solana price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment.
The price drop to the $18.52 low value during the previous action has made the coin price trade below the supply levels in its recent low. This will soon be invalidated as the trend has just resumed its rising pattern but has not yet reaches its goal.
The bullish pressure moves the crypto’s price up to the $18.80 resistance level below the two EMAs as the 4-hourly chart opens today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Hence, the SOLUSD market value might increase further to a $22.59 high level if the current support at $18.25 level holds.
Meanwhile, the price of Solana may likely rise further as the bulls are seen clustered around the market, the next price target could be the $30.00 supply mark in its medium-term outlook.
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