Eseandre Mordi
Solana (SOL) just lit up one of the most closely watched technical signals in crypto trading, and market participants are taking notice. A fresh TD Sequential "1" candle has emerged on the daily chart right as Solana defends its critical $150 support zone. The timing couldn't be more interesting—sellers appear exhausted, price action is stabilizing, and the setup suggests sentiment might be shifting gears.
TD Sequential Points to Potential Reversal
The chart reveals the TD Sequential indicator printing a new buy signal following last week's selloff. This comes right after a series of heavy red candles pushed SOL down toward the $150 region, a price floor that's repeatedly held during previous market pullbacks.
The TD "9" exhaustion candle has been followed by a new green "1," marking the start of what could be a bullish countdown. The fact that this candle sits directly above the mid-$150 area adds weight to the reversal possibility. Multiple long wicks beneath recent candles show that demand is still active at lower levels.
Key Technical Levels for Solana Traders
- $150 Support Zone Remains Crucial – The chart makes it clear that $150 is the main support level. Despite recent volatility, bears haven't managed to close the daily candle decisively below this zone, which reinforces its significance.
- Resistance Ahead Near $165–$170 – There's light overhead resistance sitting in the $165–$170 range, roughly where recent candles have stalled. A strong daily close above this area could confirm bullish momentum is building.
- Momentum Reset After Sharp Selloff – The steep decline earlier in the month created oversold conditions. With a buy signal now appearing, the market may be gearing up for a recovery toward the $175–$180 region if buyers step in with conviction.
What's Driving the Move?
Solana's recent activity comes against a backdrop of renewed interest driven by several factors:
- Strength returning to broader altcoin sentiment across the market
- Ongoing expansion in Solana-based DeFi protocols and meme token activity
- Traders rotating capital into layer-1 assets following shifts in Bitcoin dominance
These elements support the technical picture that Solana could be nearing a short-term bottom.
Eseandre Mordi
