Solana (SOLUSDT) price jumped higher in its latest intraday trading, preparing to test the current resistance level of 218.00. The short-term main bullish trend remains in control, with trading moving along an upward slope line that supports this path, while positive pressure continues from trading above its 50-day SMA. On the other hand, a negative crossover has begun to appear in the Stochastic indicators after reaching strongly overbought levels, which may limit the prices upcoming gains.
Therefore, we expect the currency to rise in its upcoming intraday trading, provided it first breaks the mentioned resistance of 218.00, to then target its next resistance at 237.00.
Todays price forecast: Bullish.