Solana (SOLUSD) Price Forecast: November 17
Due to high volatility in the crypto market at present, the Solana price is now moving close to the $65.00 upper resistance level and has already increased significantly in the previous actions; it is evident that the bears are losing ground. The crypto may likely hit the previous high at the $63.98 resistance level provided the current support level at $51.54 holds. As a result, the coin price may extend to the $65.00 upper resistance level and beyond.
Key Levels:
Resistance Levels: $58.00, $59.00, $60.00
Support Levels: $51.00, $50.00, $49.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The SOLUSD price is moving close to the upper resistance level and remains bullish on the higher time frame. This is clear as we can see the prices trading above the EMA-50. 
The bulls’ activity at the $58.00 supply level during the last trading session has made the coin price remain strong above the supply trend line in its recent high.
Thus, the current price level at the $59.88 high mark which is moving close to the major resistance level is a result of high commitment from the bulls. Should the bulls increase their momentum, the price of SOLUSD might break out from the current supply to hit the previous high of $63.98 high value.
Additionally, the daily stochastic points upward, indicating an uptrend. With the price of Solana moving close to the upper resistance level, a retest of the previous high at the $63.98 level is possible if the buy traders are successful in maintaining the coin prices above the $58.00 resistance level. This could further push the coin price to the $65.00 upper high level soon in its long-term outlook.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
SOLUSD price can also be seen progressing forward and moving close to the upper resistance level in its medium-term perspective. The price bar can be seen above the EMA-50; thus, buyers have the market at their disposal at the moment. The bulls’ pressure on the crypto in the past few hours has sustained its bullishness in its recent high.
Buyers’ successful move at the $59.20 level which further increases to the $59.88 supply level above the EMA-50 but close to the upper resistance breakout is an indication of the beginning of a new bullish cycle race. A strong breakup above the $63.98 resistance point would strengthen the bullish pressure.
However, there is a possibility of further increase in the price of Solana as the price is moving close to the upper resistance level, if the buy traders should increase their price actions and all the current support level holds, a psychological key level of $65.00 at the upside might be reached soon in its medium-term time frame.
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