Is the price of Solana (SOL) ready to bounce as a main indication of the “purchase” signal?
Solana price has decreased for weeks now. But we may see a change soon. The Crypto Ali expert was posted on X about a 4 -day TD purchase on a 4 -day purchase on Solana. This has traders talking about a possible increase in prices.
In the post, the Sol price sits at $ 138.19. Sol continues to hit low prices in its declining style. It is moving towards the support zone, which ranges between 135 and 140 dollars, as it seems that buyers are interested. The latest price movements indicate that sellers may lose Steam, which may lead to bounce.
Technical patterns also show that the downward pressure may be a dilution. The most recent candle, although it is landfill, is smaller compared to the previous candle, indicating a potential exhaustion in the landmark. If the price of Solana exceeds this support area, there may be an upward step of about 150 to 160 dollars.
The TD sequence index indicates a possible reflection
The series TD, which is often used to determine the exhaustion of the direction, is now flashing the “9” signal on the graph for 4 days. Historically, this signal was associated with the repercussions of the direction or at least short -term relief pools. If the Sol price remains above $ 135, it may be recovered.
However, we need to see more trading to confirm this. Without an interest in a stronger purchase, there are still the risk of more declines. If the pressure pressure continues and the current support level fails to keep it, Solana may decrease to less than $ 130 before finding stronger support.
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Solana’s reaction to the market and investor morale
Ali’s tweet about the TD serial purchase sign drew attention to merchants watching such indicators of potential trade opportunities. While this reference indicates a possible recovery of prices, the wider market conditions will also play a role. Bitcoin movement, comprehensive market morale, and external factors It can affect the direction of the Solana price soon.
Investors monitor whether Solana can maintain his support levels and attract more purchase pressure. If the bullish momentum rises, the Sol price may move towards the higher resistance levels. However, caution remains, because failure to maintain support may lead to more negative side.
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