Solana (SOLUSD) Price Forecast: November 9
Today, the SOLUSD price skyrockets above the supply trend line, opening doors for more gains as it flips toward the overhead resistance. Thus, if the bulls close above the $192.00 current resistance, the next price target to watch out for would be around the $200.00 upper resistance level, as the market overall shows signs of revitalization
Key Levels:
Resistance Levels: $22.00, $23.00, $24.00
Support Levels: $14.00, $13.00, $12.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The SOLUSD price skyrocketed and registered a positive market, targeting the $200.00 high value in its long-term perspective. The order flowed from the bulls and affirms that the coin is actively traded at the moment.
The sustained bullish pressure to a$190.07 high mark in the past session has made the crypto price skyrocket and remains firm above the supply levels in its recent high.
As the daily session begins today, the Solana price surges to the $192.00 supply mark above the moving averages, soaring to a higher level suggesting investors’ high optimism and interest in the asset. This, however, will trigger a new bull cycle and a potential buy for interested buyers.
Hence, with buyers’ enthusiasm, the SOLUSD price could skyrocket and target the $200.00 overhead resistance, offering more potential gains for coin buyers.
However, the bullish correction at the mentioned resistance level indicates that the bulls are planning to move the price of Solana strongly to a high level; the $200.00 supply trend line might soon be the target in its long-term outlook.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
On the medium-term chart, SOLUSD price skyrockets and remains bullish, following the rise in Bitcoin prices to its new high of $76,000.The crypto prices are trending above the EMA-50 towards the overhead resistance area, confirming bullishness. The high order flow from the bulls in the last session also added to this bullishness.
However, on the 4-hourly chart today, the SOLUSD price skyrockets and shows a broader recovery in the prices at the $192.00 high level above the EMA-50 as the bulls took to their stand with high optimism, resulting in intraday gains.
Hence, staying above the EMA-50 indicates a strong possibility for a bullish correction, and buying the coin during this period could prove profitable.
Further, the coin price indicates an uptrend, suggesting the Solana market might continue with its hike trend, and this forthcoming development may drive the crypto price to reach the $200.00 upper resistance trend line soon as it skyrockets in its medium-term perspective.
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