- Solana’s weekly chart forms a TD Sequential “Buy 1” signal after a completed sell setup, indicating early bullish momentum.
- A breakout from a falling wedge pattern on the daily chart suggests a potential reversal, backed by renewed buying interest.
- MACD crossover with a green histogram and sustained price above the 9-day EMA supports continued upward movement for Solana.
Solana’s technical charts suggest a potential shift following a prolonged downtrend. A tweet from Ali noted that Solana could be primed for a rebound after forming a TD Sequential “Buy 1” signal on the weekly chart. This observation has drawn attention from market participants and technical analysts.
Technical Analysis
The weekly candlestick chart for SOL displays signs of a possible upward move. The chart reveals that Solana has completed a TD Sell Setup labeled “S13.” A rebound then followed, which led to the first appearance of a TD Sequential “Buy 1” signal.
Ali’s tweet underscores the technical conditions visible in the weekly chart. The digital asset appears to be building a foundation for a potential rebound. The appearance of the “1” count in the TD Sequential pattern suggests that early-stage bullish momentum might develop if prices maintain support above key levels.
The recovery followed a steady downtrend that persisted since early February. The chart shows consistent lower highs and lower lows during that period. A recent strong white candlestick signals renewed buying interest at a key support zone between $110 and $115. Solana closed the week at $129.66 with a gain exceeding one percent. The clear signal on the weekly chart suggests that previous selling pressure may have reached an end.
Technical Indicators Support Shift in Sentiment
A secondary view of Solana comes from the daily chart, showing further signs of technical recovery. The chart presents Solana breaking out of a falling wedge pattern that had taken shape since February 2025. The formation featured converging trend lines formed by lower highs and lower lows. A breakout above the upper trendline occurred in mid-April.
The price continues to trade near $128, just above the 9-day EMA at $123.96. This technical support indicates that short-term strength might persist if market conditions remain favorable.
Additionally, the MACD indicator shows the blue line crossing the orange signal line, with a change in histogram color that supports the possibility of upward motion. The present sentiment on these charts is framed by the continuous technical signals observed across time frames.
Resistance Remains a Key Consideration
Resistance levels between $136 and $140 are critical at this stage. A strong close above this zone may boost the current momentum. Traders are currently monitoring the area for confirmation signals that could fuel further gains. The setup appears to balance a strong recovery from earlier lows with caution as resistance persists.
The charts combine technical structures from multiple time frames to form a coherent picture for Solana. The recovery from a significant downtrend has led to noticeable buying activity. The current market data presents a careful scenario as Solana aims to reverse its earlier decline while facing crucial resistance levels.
