- TD Sequential green “9” hints at a possible Solana trend reversal
- The $185 support zone is critical for SOL to sustain bullish momentum.
- MoonPay introduces staking for SOL with 8.49% annual yield.
Solana (SOL) is showing signs of a potential short-term reversal. Crypto analyst Ali Martinez reported a bullish setup for Solana using the TD Sequential indicator on the 4-hour chart. The chart shows a green “9” candle, a classic sign of a potential reversal or pause in a downtrend.
Historically, this signal has often marked local bottoms in Solana’s price. Martinez pointed out that the asset recently declined from around $204 to $187.35 but emphasized that the current buy setup could lead to a short-term recovery if the $185 support level holds.
This observation follows a sustained downtrend over recent days. However, analysts suggest that if bullish momentum gains traction near current levels, SOL may begin a new upward leg. The TD Sequential’s history of accurate bottom signals further strengthens this outlook.
MoonPay Introduces Liquid Staking with Competitive Yield
MoonPay has launched a new feature for Solana holders, liquid staking through $mpSOL, offering an annual yield of up to 8.49%. The product simplifies the staking process into a one-tap solution, designed to make it accessible to mainstream users. CEO Ivan Soto-Wright stated that the goal is to eliminate technical barriers and allow more users to benefit from crypto-based rewards.
The staking feature is currently available in the U.S. (excluding New York), Canada, the UK, and other regions outside the EEA. MoonPay’s integration of staking functionality is expected to support broader Solana adoption by offering passive income options tied directly to user-held tokens.
Price Action Shows Strong Technical Support and Upside Potential
Solana is trading near $186.15 after a 1.72% intraday decline. Despite the recent dip from $191.87, the asset remains above a key ascending trendline. Technical charts indicate that SOL recently broke out of a strong resistance zone between $170 and $185. This area is now acting as solid support.
If this support level holds, analysts expect a bullish continuation with upside potential towards $300. The two-day chart also shows a breakout above the Ichimoku cloud, further aligning with a positive outlook. As long as the price stays above the breakout zone, traders anticipate further gains driven by technical and sentiment factors.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
