- Solana triggered a bullish TD Sequential indicator at $178, signaling a potential trend reversal.
- The price climbed to $187.43 with repeated rebounds, confirming short-term support and growing momentum.
- With higher lows and strong technical signals, Solana eyes a breakout above $188 toward the $190 mark.
Solana shows signs of strength as it attempts a recovery from the recent low of $178. A TD Sequential indicator has flashed a buy signal, suggesting potential for upward momentum. Solana now trades at $187.43, gaining 1% in the past 24 hours.
Solana started the day with heavy selling pressure, pushing the price down to a low of $178. The Tom DeMark Sequential indicator completed its buy setup during this drop, which often suggests a trend reversal. Shortly after, Solana bounced and continued trading above the $180 level.
TD Sequential Buy Signal Supports Uptrend for Solana
This technical signal strengthens the narrative of a comeback, as Solana climbs from earlier losses. A green arrow formed beneath the final bearish candle confirms the setup. The appearance of a black arrow also reinforces momentum for a possible price reversal.
On the 4-hour chart, Solana printed multiple bearish candles before this shift in structure. The last candles were smaller, indicating a slowdown in downward momentum. This price behavior aligns with what typically follows a TD Sequential buy signal.
Solana Price Action Recovers Above $180
Following the signal, Solana moved steadily upward, confirming the temporary halt of downward pressure. It broke past resistance at $181 and tested $183 multiple times. The price now rests comfortably at $187.43, marking a solid rebound.
Solana saw repeated rebounds between $178 and $185 during the past 24 hours. These moves reflect active trading and possible accumulation after the buy signal. Short bursts of buying interest pushed prices up while maintaining a support base near $180.
The pattern suggests strength is building, though price remains volatile. Intraday movements created swings of around $7, hinting at an indecisive but active market. However, Solana holding above $180 keeps the bullish signal valid for now.
Technical Support and Market Sentiment Align for Solana
It was a critical level of support where traders tend to get assurance of countermoves, and this marked the bounce in Solana. The technical character of confidence is brought by the incorporation of the TD Sequential signal into this recuperation. Solana keeps above the $180 mark, which means that it also has the possibility of greater profit.
The upward trend in the last 24 hours (1+ percent) is also in line with an early upward trend. In line with this bullish sentiment is a well-demarcated rebound at around $178. This is further supported by average higher lows on short-term charts.
Solana can keep the momentum going provided it holds up in the support and trades above the $188 support. Traders are now paying attention to pressure to $190 as the next major level. The TD Sequential indicator makes this case stronger.
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.
