Solana (SOLUSD) Price Forecast: March 20
SOLUSD price is currently running a bullish race and remains stable at the moment. The price may reach the high of $220.00 high mark as the crypto stands out as an outperforming asset in the crypto market. Thus, a sharp breakout and closure above the current correction phase at a $209.90 high value will invalidate any bearish thesis and the price might hit the high at the $220.00 resistance level and beyond.
Key Levels:
Resistance Levels: $206.00, $207.00, $208.00
Support Levels: $78.00, $77.00, $76.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The SOLUSD pair is skyrocketing at the moment and this may reach the high of $220.00 as the crypto is trading strongly above the trend levels in its higher time frame. 
The coin price is now strongly trading above the moving averages with huge volumes from the bulls.
The coin has been having a series of higher highs and higher lows from the past session which has made it possible for the bulls to retain the strength in its recent high.
However, today’s daily bullish candle at $201.70 which further rises to the $209.90 supply mark above the moving averages confirms the bulls’ dominance and this may reach the upper high level, signaling the potential for further increase.
Thus if this bullish growth pattern is steady, an established uptrend above the current resistance level at $209.90 will be achieved.
Additionally, the momentum indicator pointing upwards suggests the continuation of the bullish trend. In light of this, the price of Solana may reach the $220.00 supply value soon in its long-term outlook.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
Despite the moves by the bears, the medium-term chart of SOLUSD suggests that the pair may reach the $220.00 supply level soon. The coin is trading above the EMA-50 which confirms its bullishness. 
The high bullish impact on the crypto at the $195.39 high level in the previous action has contributed to its bullishness in its recent high.
The price drop to the $207.01 low value above the EMA-50 as the 4-hourly chart opens today, has no serious effect on the coin as the price remains in an uptrend.
This indicates that the buy investors remain dominant in the market. Therefore, if the bulls could increase their tension in the market, the price tendency may reach the high of $209.90 level which will provide suitable support for buyers to regain higher recovery.
However, the Solana pair could grow further and may reach the upper high level if the buy traders manage to break up the $209.90 previous high level, if this is achieved, the price of SOLUSD may reach the high of $220.00 resistance level, maintaining a further growth potential for the buy traders.
Buy Solana on Longhorn
Leave a Reply