Indicator Suggests Solana (SOL) Is Ready to Spike for at Least Three Days: Here Are the Prices to Watch

Technical analysis plays a crucial role in predicting market movements and identifying potential investment opportunities. Ali (@ali_charts), a skilled analyst has employed the TD Sequential indicator to uncover a promising signal for Solana (SOL), one of the leading cryptocurrencies in the market.

The TD Sequential Indicator’s Bullish Signal

The TD Sequential indicator is a popular technical analysis tool used to identify potential trend reversals and entry/exit points for trades. According to Ali, this indicator has presented a buy signal on the Solana daily chart, suggesting a potential upswing for the cryptocurrency.

Ali’s analysis suggests that the buy signal could lead to an upswing spanning one to four daily candlesticks for Solana (SOL). This potential upward momentum could provide traders and investors with an opportunity to capitalize on the anticipated price movement.

Price Targets and Resistances

With the current price of Solana hovering around $103, Ali’s chart analysis points to specific price levels that traders should keep an eye on. The first resistance level is identified at $111, which could be the initial target for the anticipated upswing.

Beyond the $111 resistance, Ali’s analysis suggests that Solana could potentially surge further, with the next significant resistance level located at $120. If the bullish momentum persists, traders might consider taking profits or adjusting their positions accordingly as the price approaches these key resistance levels.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

Supporting Factors

Lending credence to Ali’s analysis, the chart reveals a bullish engulfing candlestick pattern on the previous trading day. This candlestick pattern is often interpreted as a bullish signal, indicating that buyers have regained control and that the price could potentially continue to rise.

Additionally, the price of Solana was able to close above a resistance level on the previous trading day, further strengthening the bullish sentiment surrounding the cryptocurrency.


As the cryptocurrency market continues to evolve, technical analysis remains a valuable tool for traders and investors seeking to identify potential opportunities. Ali’s (@ali_charts) application of the TD Sequential indicator on the Solana (SOL) daily chart has revealed a buy signal, suggesting a potential upswing that could span one to four daily candlesticks.

With the identified price targets of $111 and $120, traders and investors can closely monitor the market and consider adjusting their positions accordingly. However, it’s essential to exercise caution and conduct thorough research before making any investment decisions, as the cryptocurrency market remains highly volatile and unpredictable.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.