Solana (SOLUSD) Price Forecast: October 24
SOLUSD price is currently trading above the supply levels and remains stable at the moment. The price might reach the upper resistance level as the crypto is facing high pressure from the bulls at the moment. Thus, a sharp breakout and closure above the $32.40 correction phase will invalidate any bearish thesis and the price might reach the high at the$32.50
upper resistance level and beyond.
Key Levels:
Resistance Levels: $26.00, $27.00, $28.00
Support Levels: $20.00, $19.00, $18.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The SOLUSD market remains in a bullish trend in its long-term outlook. Further, the coin prices are traded above the EMA-50 and this might reach the upper resistance level soon. 
The bulls’ pressure on the coin at the $30.33 high level during the past action has made it possible for the coin to remain in a bullish trend zone in its recent high.
Thus, the price drop to a $28.11 low value above the EMA-50 as the daily chart opens today is due to brief returns of the sell traders. Hence, staying above the supply levels indicates a strong possibility for a bullish correction.
The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.
Therefore, if the bulls can put extra effort into the price action and break above the $32.40 supply mark, further selling pressure will be put into hibernation and the price of Solana might reach the $32.50 upper resistance level soon in the long-term forecast.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
Upward pressure still dominates the SOLUSD pair in the medium-term time frame. Prices are traded above the supply levels and this might reach the upper resistance level soon. 
The coin has been having a series of higher highs and higher lows which has made it possible for the price to remain stronger in an upward trend in its recent high.
On the 4-hour chart today, there is a broader recovery in the prices. The coin price jumped up to a $28.91 supply level above the moving averages as the bulls took to their stand in the market.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally may therefore reach the $32.50 high value in no long time on the medium-term perspective.
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