The TD Sequential indicator on the 12-hour chart shows a buy signal for Solana, indicating a potential trend reversal.
Buy Signal from TD Sequential Indicator
The TD Sequential indicator, known for spotting trend exhaustion, triggered a "1" green candle after a nine-count setup, often signaling that selling momentum may be waning. This setup is historically used by traders to identify early stages of a price recovery.
Current Price and Market Overview
As of June 2, 2025, Solana is trading at $157, down approximately 5.3% over the past year. The token holds a market cap of $82.31 billion, ranking it as the sixth-largest cryptocurrency by market value. Despite recent volatility, SOL has seen a slight 0.93% uptick in the past 24 hours.
Price Action and Outlook
Over the last 12 months, SOL has experienced significant price swings, peaking above $250 and reaching lows near $100. The current price sits below the yearly average, indicating potential for upward movement if sentiment improves.
Solana’s technical setup suggests a possible rebound may be in play. With the TD Sequential indicator flashing a buy signal and short-term sentiment turning, traders and investors are watching closely.
