Solana (SOLUSD) Price Forecast: August 26
SOLUSD remains in an uptrend and continues to maintain an overall bullish outlook. The recent breakout at the $158.79 level signaled that the bulls are still dominant. Thus, if market participants regain their confidence in the recovery sentiment, the coin may grow more to hit the $204.12 previous barrier and extend to a $210.00 upper high level, resulting in a high investment opportunity for the coin traders.
Key Levels:
Resistance Levels: $158.00, $159.00, $160.00
Support Levels: $125.00, $124.00, $123.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
Amidst the current uncertainties, the long-term market value of SOLUSD remains in an uptrend. The coin is moving in a bullish direction, suggesting a bullish signal while trading above the EMA-50 with huge volumes from the bulls. Thus, the recent market structure has favored the bulls. 
The pressure from the bulls to a $154.16 barrier level in the last action has sustained the Solana price to remain in an uptrend in its recent high.
Despite the uncertainties in the crypto market, the SOLUSD price remains in an uptrend at the $158.79 high level above the EMA-50 after the recent threat of increasing today.
If the current pattern follows through, buyers would likely break above the $204.12 neckline resistance, resulting in intraday gains for coin buyers.
In addition, under the influence of this market level, the price of Solana could rise steadily soon and break up the previous high of $204.12 to reach the $210.00 overhead resistance level in the coming days as the crypto remains in an uptrend in the long-term perspective.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
On the 4-hourly chart, the price of Solana remains in an uptrend and sends a clear bullish signal above the moving averages, confirming a bullish momentum breaking the previous high. The pair is in a smooth uptrend as seen from the chart below.
The increase in the momentum by the bulls at the $153.39 supply value during the past session has enabled the SOLUSD price to remain in an uptrend and stay strong above the resistance lines in its recent high.
At the time of writing, SOLUSD is losing bearish momentum as it remains in an uptrend at the $158.79 high level above the moving averages as the 4-hourly chart begins today, indicating a potential for a prolonged correction in Solana’s price.
With high buying pressure, the coin price may likely hit the previous supply of $185.43 and set the potential for further growth.
Notably, the coin price indicates that the Solana price may remain in an uptrend as shown by the momentum indicator. Thus, the pair may likely reach the $210.00 resistance level in the days ahead in its medium time frame.
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