Solana (SOLUSD) Price Forecast: September 20
The SOLUSD price is positive today and sends a clear bullish signal as it holds above the $18.82 supply mark. The recent breakout at the $20.16 level signaled that the bulls are still very strong. The coin may likely grow more and an opportunity for the long investors. Having finished the downward correction, if the coin prices sustain above level $32.40 the bulls’ trend would continue upward and may possibly hit the $33.00 upper high level, resulting into a buy opportunity for the coin investors.
Key Levels:
Resistance Levels: $22.00, $23.00, $24.00
Support Levels: $17.00, $16.00, $15.00
SOL (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of Solana is moving in a bullish direction. The coin price sends a bullish signal while trading above the EMA-9 with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
The pressure from the bulls to the $19.49 supply value in the past few days has sustained the coin price above the supply trend levels in its recent high.
The crypto’s price rises to a $20.16 supply level above the EMA-9 after the recent threat of increasing. If the current pattern follows through, buyers would likely break above the $32.40 neckline resistance, resulting into an intraday gains for coin buyers.
Adding to that, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of SOLUSD further up to a significant level and in this case, the target might be the $33.00 supply level soon in the higher time frame.
SOL (USD) Medium-term Trend: Bullish (4H Chart)
On the 4-hourly chart, price of Solana sends a clear bullish signal above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.
The increase in the momentum by the bulls at the $19.11 supply value during the past action has enabled the SOLUSD price to stay strong above the resistance lines in its recent high.
SOLUSD is losing bearish momentum as it rises to a $20.06 high level above the moving averages as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
With an increase in buying pressure, the price may likely hit the previous supply of $22.02 and set the potential for further growth.
Notably, the coin price indicates more upside possibility as shown by the momentum indicator pointing up; we can certainly expect more gains and strength from the coin. The pair may likely reach the $33.00 resistance level in the days ahead in its medium time frame.
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