Solana (SOLUSD) Price Forecast: August 21
The SOLUSD pair is going north as it struggles to maintain recovery momentum and shows an average growth of 12%. Meanwhile, the crypto might continue growing if the bulls could add more aggression to their buying pressure. The $190.00 upper high mark might be reached soon, registering a growth of 31.5%.
Key Levels:
Resistance Levels: $146.00, $147.00, $148.00
Support Levels: $115.00, $114.00, $113.00
SOL (USD) Long-term Trend: Bullish (4H Chart)
SOLUSD has maintained a steady price structure as it struggles to maintain recovery momentum with a bullish sentiment in its long-term perspective.
The price bar is above the moving averages, indicating a bullish momentum. Thus, the recent market structure has favored the bulls.
However, the sustained bulls’ pressure to the $143.91 high value in the previous action has sustained the Solana price above the resistance trend levels as it struggles to maintain recovery momentum in its recent high.
Today’s 4-hour bullish candle at the $148.90 value above the moving averages confirms the bulls’ dominance in the market. However, there are bullish signals above the level of $148.90 indicating a possible further increase in the market value.
Further, the SOLUSD price indicates an upward momentum on the daily signal as the crypto struggles to maintain recovery momentum. Thus, the pair will continue to increase to the upsides and this may get to the $190.00 upper resistance trend mark soon in its long-term outlook.
SOL (USD) Short-term Trend: Bullish (1H Chart)
The SOLUSD pair also struggles to maintain recovery momentum as it remains strongly above the supply levels in the short-term perspective. The price bar is trending towards the overhead resistance above the moving average line, confirming its bullishness.
The bulls’ activity on the coin at the $143.64 high level in the previous action has enabled the SOLUSD to struggle and maintain recovery momentum in its recent high.
Earlier today, the bull run caused a rise in the price of Solana to a high at the $147.39 level above the moving averages. Hence, a strong push above the $152.21 supply level will offer strong resistance to the crypto price to soar higher, as it struggles to maintain recovery momentum, indicating a potential gain.
Additionally, Solana’s price will soar higher as indicated by the key indicator pointing upwards, we can certainly expect more strength from the coin and this may likely get to a $190.00 upper resistance mark in the coming days in its medium-term outlook.
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