Solana (SOL) is demonstrating resilience amidst the broader market weakness, as volatility shakes crypto assets. After a sharp retrace alongside Bitcoin and Ethereum, Solana is stabilizing above key demand levels, sparking cautious optimism among investors. Many are eyeing this zone as a potential launchpad for the next leg up, especially as the market seeks to recover and regain bullish momentum. (Source: News Article, Date: Current)
Despite recent uncertainty, sentiment around Solana remains constructive. Analysts point to strong structural support and a history of sharp rebounds from similar technical setups. Top crypto analyst Ali Martinez recently shared a key signal: the TD Sequential indicator has flashed a buy signal for Solana on the daily timeframe. Historically, this signal has preceded notable price rallies, particularly when it aligns with strong support zones. (Source: News Article, Date: Current)
Solana is holding a critical support zone near $145 after shedding more than 20% of its value since late May. The correction has brought SOL into a key demand area, where bulls appear to be defending the level with strength. Despite attempts to reclaim $160, the altcoin has faced persistent resistance, with fading momentum and rising macro risks clouding short-term price action. (Source: News Article, Date: Current)
A key signal for Solana has emerged, with analyst Martinez reporting that the TD Sequential indicator printed a buy signal on the daily chart. Historically, this indicator has been a reliable precursor to significant local bottoms and bullish reversals, particularly when seen near strong support levels. With SOL recently experiencing a selloff and now stabilizing, this signal underscores the growing bullish potential. (Source: News Article, Date: Current)
For now, Solana's ability to hold above $145 will be key. A bounce from this level, combined with improving sentiment across large-cap assets, could trigger a fresh push toward $160 and beyond. If confirmed, such a move would signal that SOL is regaining strength and ready to retest higher resistance levels in the weeks ahead. (Source: News Article, Date: Current)