$SOL

🚨Technical Indicators Flash Buy Signals for SOL🚨

Cryptocurrency analyst Ali has identified a technical development in Solana’s price action.

The TD Sequential indicator displayed a buy signal on SOL’s 12-hour chart, marking what could be the end of the recent bearish trend. This technical pattern emerged after Solana dropped from approximately $172 to near $152 between May 27 and June 1.

The indicator flashed a number 9 setup, which technical analysts interpret as a potential exhaustion point for downward price movement.

Historical data suggests this pattern often precedes price reversals or relief rallies in cryptocurrency markets. The signal appeared as smaller candlestick bodies formed around the $155 level, indicating reduced selling pressure.

Current market data reveals Solana trading at $153.18, representing a modest decline of 0.68% over the past 24 hours. However, the cryptocurrency has experienced a more substantial 13.31% drop over the previous seven days.

Trading volume reached $3.23 billion in the last 24-hour period, suggesting continued market interest despite the price weakness.

The token established a weekly trading range between $151.03 and $178.72, with immediate support identified at $152.71 and resistance at $158.62. Market participants are closely monitoring whether SOL can maintain its position above the $150 psychological support level.

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