- The Solana TD index suggested a potential trend reflection, which enhances the upscale feelings.
- With mixed signals in play, is this the beginning of continuous recovery?
After completing the support of $ 200, Solana [SOL] He decreased to $ 130 – its lowest level in five months – which represents the critical demand area.
The TD Series Series Index is a strong purchase signal, indicating a possible reflection of the direction.
However, with a 61 % trading volume collapse, the weak purchase pressure raises red flags. Is this the beginning of recovery, or just a bull trap before another leg down?
Technical signals and the green flash market
Solana decreased more than 30 % last month, as the marketing level continued to pushing high -cloud assets below the main support areas.
With the uncertainty, the immediate recovery remains out of reach unless the conditions of the wider market improve.
However, some of the upscale factors can support the work of Seoul.
Historically, similar price levels attracted buying a retreat in search of reduced entries, which represents this strong demand area.
Bitcoin [BTC] The standardization stage often encourages the recycling to altcoins, which may increase the request of Sol.
From a technical perspective, there is a TD sequence index – a tool that is widely used to discover direction repercussions – Overflow A strong purchase signal.
Will Solana Bulls defend the area?
Although the purchase signal flashing, the market participation is diminished – Trading 61 % decreased, with a highlight of poor demand.
The expected “purchase” response response is still absent, as the red candlestick dominates the daily chart. The profits of the profits continue from a march to nearly $ 180 to influence prices.
Worse than that, the Sol/BTC husband decreased to its lowest level in two years, which represents this course as weaker. With investors hesitating to re -enter, Solana risks deeper correcting unless feelings of feelings.
Source: TradingView (Sol/BTC)
Solana Open (OI) incentive An increase of 1.63 % to $ 3.95 billion, but this increase comes amid a weak accumulation.
Only last week, OI reached its climax at $ 5.31 billion, where Sol was re -tested to $ 180, only to $ 4.20 billion the next day, as the sale pressure was wiped by 20.45 % of its gains.
While OI’s increase is a bullish sign of strong ascension, in volatile markets, it increases the risk of mass qualifications.
With fragile feelings and shaky prices, Solana is still at a crossroads, facing the threat of deeper corrections.
