The price of Solana has been going down for weeks now. But we might be seeing a change soon. Crypto expert Ali posted on X about a buy signal from the TD Sequential indicator on Solana’s 4-day chart. This has traders talking about a possible price increase soon.
At publication, SOL’s price sits at $138.19. SOL keeps hitting lower prices in its downward pattern. It’s moving toward the $135-$140 support area, where buyers seem interested. The latest price movements suggest sellers might be losing steam, which could lead to a bounce back.
The technical patterns also show the downward pressure might be easing up. The most recent candle, despite being bearish, is smaller compared to previous ones, suggesting potential exhaustion in the downward trend. If Solana’s price holds above this support zone, an upward move toward $150–$160 could be possible.
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TD Sequential Indicator Signals Potential Reversal
The TD Sequential indicator, which is often used to identify trend exhaustion, has now flashed a “9” signal on the 4-day chart. Historically, this signal has been associated with trend reversals or at least short-term relief rallies. If SOL’s price stays above $135, it might recover.
However, we need to see more trading to confirm this. Without stronger buying interest, the risk of further declines remains. If selling pressure persists and the current support level fails to hold, Solana could drop below $130 before finding stronger support.
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Solana Market Reaction and Investor Sentiment
Ali’s tweet about the TD Sequential buy signal has drawn attention of traders who monitor such indicators for potential trade opportunities. While this signal suggests a potential price rebound, broader market conditions will also play a role. Bitcoin’s movement, overall market sentiment, and external factors could influence Solana’s price direction shortly.
Investors are watching whether Solana can maintain its support levels and attract more buying pressure. If bullish momentum picks up, the price of SOL could move toward higher resistance levels. However, caution remains, as a failure to sustain support might lead to further downside.
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