Solana (SOLUSD) Price Forecast: November 30
Due to the high bullish impact on SOLUSD, the price is rising again and currently running a bullish race above the supply trend levels. The coin price is heading towards the overhead resistance level as the crypto is facing high pressure from the bulls. In case the bulls’ pressure breaks up the resistance level of $67.13, the coin price may increase to a $70.00 high level and beyond resulting in a potential buy signal for the coin buyers.
Key Levels:
Resistance Levels: $45.00, $46.00, $47.00
Support Levels: $40.00, $39.00, $38.00
SOL (USD) Long-term Trend: Bearish (Daily Chart)
The long-term chart of Solana is rising again and moving towards the resistance area below the moving average as can be seen from the chart below.
The coin has been interference with the sell traders in the previous action and has dropped the price below the supply trend levels in its recent high.
Right now, the price is struggling and rising again at a critical level, where any directional move will bring wild swing moves.
Being affected by the widespread uncertainty in the crypto market, the Dash 2 Trade price showed a slow yet steady recovery to the $55.75 supply level below the EMA-50 approaching the resistance trend levels on the daily chart today.
Thus, a strong breakup above the $67.13 resistance level would strengthen the bullish outlook and sustain its upward stability.
Additionally, the SOLUSD price is pointing upward in the oversold region of the daily stochastic, this suggests that the coin is rising again and this may continue to hit the $70.00 upper high level in no long time in its higher time frame.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
Solana price is rising again and also has a bullish posture in its medium-term outlook as can be seen from the chart below. It also shows the impeding next big move in the price. The recent market structure has favored the bulls.
Pressure from the bulls at the $55.07 high value in the previous action has sustained its upward stability in its recent high.
The coin is now finding its way to the overhead resistance at the $55.75 level above the EMA-50 on the 4-hour chart. The market shows that the price is rising again and may now be trading in a new ascending channel.
The longer the price stays above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
In addition, the momentum indicator shows that the price of SOLUSD is rising again and also moving upward in the market, so we expect the price distribution to reach the $70.00 supply level and beyond sooner in its medium-term outlook.
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