Solana (SOLUSD) Price Forecast: March 19
The SOLUSD price at the moment is currently rising and also remains firm above the supply levels. The bulls are making solid progress on crypto. Therefore, if the coin holders could prove stronger and the price shows sustainability above the current price level at $189.17 high value, its, upside moves could extend further to hit the $200.00 resistance level and beyond.
Key Levels:
Resistance Levels: $186.00, $187.00, $188.00
Support Levels: $88.00, $87.00, $86.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The SOLUSD pair remains firm above the supply levels in its long-term outlook. The price bars can be seen moving closer to the upper resistance above the moving averages. The coin price has walked a lateral path, trying to sustain above the $189.17 supply level.
The persistent bullish action on the crypto has sustained its price to remain firm above the supply levels in its recent high.
Despite the brief return of the bears to a $176.71 low value during yesterday’s session, the bulls successfully pushed the coin price up to the $189.17 high mark above the resistance trend lines as the journey up north continues shortly after the daily chart opens today.
This indicates that the bulls remain dominant and have the market price at their disposal at the moment. Further increase in the buying pressure may lead the price of Solana to the $200.00 high mark.
In addition, the momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case, the SOLUSD price might reach the $200.00 upper resistance value soon as it remains firm above the supply levels in its long-term perspective
SOL (USD) Medium-term Trend: Bullish (4H Chart)
SOLUSD market price also remains firm above the supply levels in its medium-term outlook. The Bulls are trying not to fall this time around. Further, the coin prices are traded strongly above the moving average lines, this confirms a bullish trend.
The bullish impact on the crypto during the previous action has sustained its firmness above the supply levels in its recent high.
At the time of writing this article, the bulls made an upward move to the $187.70 high value above the moving average lines as the 4-hour chart opens. The Solana price looks promising as the bulls remain and the coin prices remain firm above the supply levels.
If the bulls should increase their price action, and bullish momentum is sustained far above the $192.12 resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $195.00 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $200.00 high mark soon as it remains firm above the supply levels in its medium-term time frame.
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