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Solana (Sol) appears flexibility amid a broader market weakness, as volatility shakes the assets of encryption in all fields. After a sharp restoration alongside bitcoin and ethereum, Solana settles over the main demand levels, cautious optimism among investors. Many are looking for this region as a possible launch platform for the next station, especially since the market seeks to recover and restore the bullish momentum.
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Despite the last uncertainty, feelings about Solana are constructive. Analysts refer to strong structural support and a sharp counterattack history of similar technical settings. Among them, Ali Martinez, the recently higher encryption analyst, shared a major signal that caught the attention of the merchants: Sequential TD has been flashing for a Solana purchase signal on the daily time frame. Historically, this signal has preceded noticeable prices, especially when they are compatible with strong support areas.
With Solana Holding Company improvement and the broader feeling gradually, bulls are closely monitoring to pay to higher supply areas. If this is confirmed, the collapse of this range can send Sol towards new levels in the short term. The coming days will be very important in determining whether Solana can maintain this momentum and lead the next altcoin gathering.
Solana tests support the TD serial signals
Solana has a decisive support zone near $ 145 after more than 20 % of its value has shed since late May. The Sol correction has brought to the main demand area, where the bulls seem to defend the level strongly. Despite attempts to restore $ 160, Altcoin faced continuous resistance, with momentum fading and high risks that are subject to a short -term price.
The conditions at the market level did not help either. Bitcoin and Ethereum have stopped the main resistance areas, and they failed to raise a wider gathering in Altcoins. This frequency has increased uncertainty, as some analysts call for a deeper decline in Sol if market leaders continue to slip. However, others remain optimistic that Solana can manage the tide.
A major signal for Solana appeared, as the analyst Martinez reported that the TD Series Index printed a purchase signal on the daily chart. Historically, this indicator was a reliable introduction to the important local bottoms and upscale repercussions, especially when seeing it near strong support levels. As Sol is recently exposed, this sign emphasizes the increasing upward potential.
Currently, Solana’s ability to keep more than $ 145 will be a key. The apostasy may lead from this level, along with improving feelings across large origins, which leads to a new batch of about $ 160 and beyond. If confirmed, this step will indicate that Sol regains strength and ready to re -test the higher resistance levels in the coming weeks.
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Sol re -testing the support after the prolonged correction
Solana (SOL) is trading $ 148.44 after an attempt to recover at the lowest local level near $ 145. The daily chart shows that Sol lost momentum since its peak over $ 180 in late May, which represents a 20 % correction. The price now maintains a little of the moving average for 100 days (144.68), which is the main technical level that was previously working as support during the monotheism.
The moving averages are heading for 50 days and 34 days down, with SMA for 50 days about $ 159.33 and 34 days from EMA near $ 159.35-both of which serve as dynamic resistance. Meanwhile, SMA remains for 200 days higher at $ 177.49, which strengthens a strong strong supply zone ranging from $ 160 and $ 180.
Despite the declining pressure, the size remained relatively silent during the last decline, indicating that the sale of panic has not yet seized. If Sol managed to stick to an area between 144 to 145 dollars, this base may be for apostasy, especially if the broader market morale improves.
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Daily closure above 34-EA can open the door to heal about $ 160. However, the collapse of less than $ 144 can increase the negative aspect towards its lowest level in March. Currently, Sol is still at a technical crossroads, with a short -term trend depending on the next few candles.
Distinctive image from Dall-E, the tradingView graph
