Solana (SOLUSD) Price Forecast: July 10
SOLUSD price overcome selling pressure to reach the $22.49 price level as the coin at the moment is currently recovering and facing the upper channel. The bulls obtained suitable support at the pattern’s rising trend line to accumulate this coin at the jumps. Thus, if the coin closes above the current price level, the accelerated buying pressure may increase the coin price to reach the $28.00 upper resistance level, resulting in a potential buy signal.
Key Levels:
Resistance Levels: $20.00, $21.00, $22.00
Support Levels: $15.00, $14.00, $13.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of Solana is moving in a bullish direction as can be seen from the chart below. The coin price now trades in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
During yesterday’s session, the pair reached and held the $21.75 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.
However, amid the recent sell-off in the crypto market, the coin price showed a massive breakout from the support trend line to the $22.49 resistance level as the daily session opens today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at present.
Meanwhile, the pair has a target price of level $28.00 as it’s about reaching the upper resistance as indicated by the daily stochastic pointing upwards. The mentioned target might be reached in the days ahead in its long-term perspective.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
SOLUSD indicates an upward trend with a bullish sentiment in its medium-term perspective. The coin is trading above the two EMAs. However, the market is presently facing resistance at the recent high due to the high bullish impact on the crypto.
The bulls caused an increase to the $22.49 resistance level above the moving averages as the 4-hourly chart opens today, this confirms the presence of more bulls in the market at the moment.
The SOLUSD has remained an overperforming asset throughout June and an upside breakout from a bullish pattern reflects the aggressive nature of buyers.
Hence, if the Solana price sustains above the current resistance level, the resulting rally may surpass the $27.12 previous peak and hit the $28.00 psychological level at the upside in the days ahead in the medium-term time frame.
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