Solana’s Struggles
Solana’s price has been falling for the past month, hitting a low of $141.3. This decline is partly due to the recent drop in Bitcoin’s price.
Major Support Level
However, Solana has now reached a major support level at $141, which could reverse its price trend. Crypto analyst Ali Martinez believes that if this support holds, Solana could turn bullish in the coming days.
TD Sequential Signal
The TD Sequential indicator has flashed a buy signal for Solana, suggesting that it’s a good time to invest. This indicator tracks the number of candles in a trend and indicates when a reversal may be imminent.
Price Prediction
At the time of writing, Solana is trading at $145.10 and appears to be recovering. If it can hold above $140, it could surge back to $186. However, if it falls below $140, it could drop further to $130.
Trader Sentiment
Traders are still undecided on Solana’s direction, with roughly equal numbers of long and short positions.
