Solana (SOLUSD) price is holding on to strong gains in its latest intraday trading, as it attempts to attack the key resistance level at $93.70, benefiting from the positive and dynamic support represented by trading above its 50-day SMA. This comes amid the dominance of a short-term corrective bullish trend, with price moving alongside a minor trendline supporting this path. In the background, the RSI continues to show positive signals, although it has reached extremely overbought levels, which may limit the upcoming gains.
Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, especially if it manages to break above the mentioned resistance at $93.70, targeting the main psychological resistance level at $100.00.
Todays price forecast: Bullish