Solana (SOLUSD) Price Forecast: March 21
There is every possibility for the Solana price to grow more amidst the current recovery in the crypto market. The coin remains on the upside despite the moves from the bears. Thus, if buyers eventually wrestle trend control from sellers and rebound from the $170.81 support, a breakout above the $204.12 resistance trend line is needed to confirm the potential Bull Run. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $184.00, $185.00, $186.00
Support Levels: $98.00, $97.00, $96.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
Despite the intervention of the bears, SOLUSD price suggests to grow more by trading in an uptrend in its long-term perspective.
The coin has been making a series of high highs and high lows in the past few days and has sustained the price to keep growing and stronger above the resistance trend levels in its recent price level.
At the time of writing this article, action from the Bears drops the price of Solana down to a $170.81 low value above the resistance level as the daily session opens today. Hence, staying above the EMA-50 indicates a strong possibility for a bullish correction.
A strong break-up above the $204.12 resistance point would strengthen the bullish pressure and also make the coin grow more.
Additionally, if coin buyers can increase their buying tension and maintain their position above the $204.12 high mark, additional selling power would be prevented, thus, a post-retest rally may drive the prices high to hit the $220.00 resistance level soon in its higher time frame.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
Solana’s price tends to grow more and also looks good to buy at the moment on the medium-term chart. Further, the coin is trading above the moving average-50.
The high bullish impact on the crypto in the previous action has contributed to its bullishness in its recent high.
The market price of SOLUSD which is currently trading at the resistance level of $186.00 slightly above the EMA-50 confirms the bull’s stability in the market, which will enable the price action to grow more.
Further, the Solana price now points up in the oversold region, this suggests that the buying pressure has just begun and the price will grow more. Thus, this forthcoming development may drive the cryptocurrency price to test the previous high at the $209.90 level and extend to the $220.00 upper resistance trend line soon in its medium-term time frame.
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