• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Solana (SOLUSD) Price to Grow More

Johnathon Fox
03/21/2024 | UPDATED ON: 03/21/2024

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.
Solana (SOLUSD) Price to Grow More
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.
Solana (SOLUSD) Price to Grow More
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.

Buy Solana on Longhorn

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Arbitrum (ARBUSD) Price May Retrace to the $2.500 High Mark
Next Post: SPONGEUSDT Price Could Increase as High as $0.000695 and $0.000886 Levels »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US