Solana (SOLUSD) Price Forecast: December 30
Due to the high bullish impact on SOLUSD, the coin price will keep rising and buying is crucial at the moment. The crypto at the moment is facing the upper channel. Thus, if the coin closes above a $125.97 high mark, the accelerated buying pressure may increase the price to hit the $130.00 upper resistance level, resulting in an intraday gain and a potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $75.00, $74.00, $73.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
SOLUSD turns positive today, as can be seen from the chart below. The coin price will keep rising and buying is crucial at the moment.
The coin 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.
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 rising and remain firm and stronger above the resistance trend levels in its recent high.
Price movement to a $109.97 high level above the EMA-50 as the daily chart commences today is a pullback which will enable the SOLUSD price to keep rising to foster a higher price resulting in an intraday gain for buyers.
As of now, the price signal is pointing upwards indicating a bullish move and in this case, the price of Solana will keep rising and could jump up to hit the $130.00 upper supply mark sooner in its long-term outlook.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
Analyzing the chart below, it is clear that the SOLUSD price will keep rising and buying is crucial in its medium-term outlook. The price currently trades above the EMA making higher highs and moving towards the major upper resistance area.
The high bullish impact on the crypto at the $104.00 high level in the previous action has contributed to its bullishness in its recent high.
The strong push by buyers to the $109.50 resistance trend line above the moving averages as the 4-hour chart opens today shows that the buying activities will keep rising and buying is crucial at the moment. Thus, if the long traders could break above the $123.99 supply mark, the bearish thesis will be invalidated.
Likewise, there is a possibility of more upsides as indicated by the price signal which is pointing in an upward direction. This may extend the price of Solana to a high at $130.00 upper resistance value soon in its medium-term time frame.
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