Solana: Can a rare $100 buy signal ignite the Bull Run?
Solana (SOL) triggers a key TD Sequential buy signal at $100. Technical analysis, price targets, and potential scenarios revealed.
TD Sequential Alert: Why $100 is Decisive
The crypto market is holding its breath as Solana tests the strength of its support at $100. According to the latest technical analysis, the TD Sequential indicator has officially validated a buy signal (buy trigger) on this zone. This setup is particularly watched by traders as it often identifies seller exhaustion points after a prolonged bearish sequence.
Currently, SOL’s price is oscillating between $98.40 and $99.10, showing a decline of approximately 3.5% over the last 24 hours. The technical bounce observed at the $100 threshold confirms for now the presence of institutional and retail demand at this level. Indeed, SOL is currently sitting on a 3-day order block, the last stronghold before a potential vertiginous fall.
The Resistance Blocking Everything: What to Watch
Despite this positive signal, optimism must remain measured. Solana’s market structure remains dominated by a massive trendline broken to the downside that diminishes recovery attempts. SOL must imperatively regain $107 and maintain itself durably above this trendline and this order block.
On the indicators side, the MACD and CVD remain in negative territory, below the zero line, which confirms that the Bears keep control of the underlying trend. However, the MACD histogram is beginning to flatten, signaling a deceleration of the bearish momentum. To validate a true trend reversal and target a breakout, SOL will imperatively need to attract more liquidity to overcome the resistances.
Solana’s immediate future is being decided now. If the $100 support holds firm and buying volume intensifies, an impulse toward $115 is the first logical target. Conversely, a confirmed break below this psychological threshold would invalidate the TD Sequential signal and could precipitate the token toward liquidity zones at $75 then $50. Traders will closely monitor the weekly close to confirm whether this buy signal is the beginning of a new bullish wave.
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Charles Ledoux
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
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