Solana technical analysis hints at a buy signal for SOL
Solana (SOL) is currently trading in the red, impacted by a general bearish market sentiment, but an analyst has outlined the token’s potential path to new highs. Analysis shared by Ali Martinez in a post on X on September 6 indicated that the decentralized finance (DeFi) token has been trading within a parallel channel since April, consolidating its price between defined support and resistance levels. According to Martinez, Solana’s technical indicators suggest a possible upward movement. Specifically, the TD Sequential indicator, which is used to spot potential trend reversals, signals a possible buy opportunity for the asset, particularly on the daily chart. Picks for you Analyst warns of a Bitcoin bear trap before the spike 40 mins ago ...