Solana's price has been declining for weeks, but a signal from the TD Sequential indicator suggests a potential trend reversal is near.
Current State of Solana's Market
Currently, SOL's price is $138.19. It has been following a downward pattern, moving toward the $135-$140 support area. Recent price movements suggest sellers might be losing steam, possibly leading to a bounce back.
TD Sequential Indicator and Potential Reversal
The TD Sequential indicator, used to identify trend exhaustion, has flashed a '9' signal on the 4-day chart. Historically, this signal is associated with trend reversals or at least short-term relief rallies. If SOL holds above $135, a move up to $150–$160 could be possible.
Market Reaction and Investor Sentiment
Ali's tweet about the buy signal attracted attention from traders who monitor such indicators for potential trades. Although this signal indicates a potential price rebound, broader market conditions will also influence this.
The TD Sequential signals hope for a Solana price reversal. Investors are closely watching to see if SOL can maintain its support levels for growth.
