Solana Set for Rebound as TD Sequential Sparks Bullish Momentum

• A strong TD Sequential buy signal flashed on the four-day chart, indicating that Solana’s technical momentum may drive a potential short-term rebound.
• Recent market analysis shows a strong key support level near $135, while resistance between $150 and $160 may encourage bullish price movement.
• Robust trading volume over $2.9 billion supports active market participation, confirming that technical indicators and key levels drive investor focus on Solana.

Solana (SOL) technical analysis signals a potential short-term rebound amid declining prices. A recent TD Sequential buy signal on the four-day chart suggests renewed bullish momentum for the digital asset. Market participants monitor technical levels closely amid current volatility.

Technical Signals and Indicators

A tweet by Ali_Charts revealed that the TD Sequential indicator flashed a buy signal on the four-day chart. Technical analysis shows that the red “9” count often signals trend exhaustion. These indicators suggest that the current downtrend might be nearing a potential reversal.

Long wicks on several candles indicate price rejection at lower levels. These wicks show that buyers attempted to absorb selling pressure during declines. Candlestick analysis adds clarity to the technical signals observed on the chart.

Support and Resistance Levels

Technical analysis identifies a key horizontal support near the $135 level. Analysts have observed this level as an important demand area in recent sessions. Price testing near $135 has attracted buyer interest amid declining prices. This support zone plays a crucial role in the current market structure.

Resistance appears between $150 and $160, setting a clear upper barrier. A break above this resistance may lead to further price gains. Conversely, failure to hold support near $135 could push prices lower. Traders focus on these levels to guide their trading decisions.

Market Momentum and Volume

Solana maintained a trading price of $134.12 as market values declined when this article was written. The past 24 hours have generated a 7.17% decrease, according to recent price data. 7-day performance has declined by 25.82% from previous levels. These trends draw attention from traders monitoring market momentum.

Trading volume remains strong at over $2.9 billion in the last 24 hours. Volume data supports the view that market participants are active in trading. Indicators suggest that a short-term rebound may soon develop. Traders continue to assess momentum as they adjust their market positions.