Solana’s TD Sequential Buy Signal Points to Early Rebound After Testing $150 Support

Solana’s TD Sequential buy signal at $150 hints at trend reversal and potential rebound.

SOL holds key support between $150-$156, supported by 50 & 100-day moving averages.

Classic cup and handle pattern may push SOL above $160 toward $220 resistance target.

Solana (SOL) is currently trading at $157 and holding a key support range between $150 and $156. Price action has remained volatile due to ongoing macroeconomic pressure, yet technical indicators show early signs of a potential rebound. Traders are now closely tracking chart signals as momentum begins to shift.

TD Sequential Indicator Signals Trend Reversal

According to analysis prepared by Ali Martinez, the TD Sequential indicator on Solana’s 12-hour chart has issued a buy signal. The indicator displayed a green “1” candle following a nine-count series, which often points to trend exhaustion and the potential for a price recovery

Historically, this setup has preceded local bottoms and short-term rallies. Solana recently reached a low of $150 and began stabilizing near this support zone. The buy signal aligns with broader market patterns where other altcoins are showing early signs of strength

This signal adds to a series of technical indicators suggesting the bearish trend may be losing strength. Traders now watch for a move toward short-term resistance levels near $165.

Price Structure and Technical Context

Solana remains below the 34-day exponential moving average at $163.20, and bearish volume pressure has been noted. However, the price is supported by the 50-day and 100-day moving averages, creating a key range for potential rebound

The price consolidation follows a pullback from early May highs and reflects broader concerns about global tariffs and interest rates. According to an observation by Coinvo, four key touch-points suggest that Solana may have already formed a bottom

Source: Henry(X)

Market analyst Henry also stated that a “classic cup and handle” pattern is forming on the daily chart, with a breakout above $160 possibly opening the path to $220. Traders will now be watching closely for confirmation in price structure and volume trends.

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