Time to buy the Sol Dip? Important indicators provide insights for the potential movements of Solana

Time to buy the Sol Dip? Important indicators provide insights for the potential movements of Solana

Tl; DR:

  • TD sequential shows purchase signal on Sol, with support in the most important zone of $ 210.
  • RSI is sold over and MacD remains bearish, but the momentum can slow down.
  • Analysts see $ 228 and $ 253 as resistance, with $ 320 possible as a bullish setup.

Td -sequential signals a potential shift

Solana (SOL) has demonstrated a double purchase signal using the TD -sequential indicator, as reported by crypto analyst Ali Martinez. The signal includes both a TD9 and an S13 count, which traders often look forward to possible reversations during downenden.

In the meantime, the $ 210 price zone is marked as an important support area. This level comes up with the 0.618 Fibonacci racement of the previous upward leg. It also corresponds to the lower limit of an increasing channel that has been present since August. The price has already returned to this level and is now moving sideways.

Ali noted That SOL had already tested the Breakout zone of $ 210. The newest graph shows the move as part of a broader structure that remains valid if this support continues. The current setup still points to the possibility of a new movement up.

If the support remains in place, the following levels to view are $ 228 and $ 253. These areas have seen earlier reactions and can serve as a resistance on the way up. A break above them can open the road to $ 280 and possibly $ 320, which match projections in the longer term based on Fibonacci extensions and the top of the rising channel.

Source: Ali Martinez/X

Momentum -indicators remain weak

Despite the bullish setup on the TD sequential, suggestion momentum indicators that the market remains under pressure. The 4-hour Relative Strength Index (RSI) is currently at 22. This lecture falls into the Oversold category. It shows a strong recent sales pressure and suggests that the market can be stretched to the disadvantage in the short term.

SOL -Price diagram
Source: Ali Martinez/X

MacD values ​​remain negative. The MACD line is located under the signal line and the histogram continues to print under zero. Although the bars start to reduce in size, the graph does not yet show a clear signal for a trend change. A crossover would be needed before it becomes clear.

Analysts warn about the current reach

Market views remain mixed. Bitguru commentary”$ Sol previously showed a strong momentum and pushed at $ 250. Recent decrease has reduced the price to the $ 218 – $ 220 support zone.”

He added:

“If this level applies, a withdrawal to the $ 230 region can follow. On the other hand, a breakdown can expose Sol to further downward pressure.”

At the time of writing, Solana traded around $ 210. The active has fallen by 3% in the last 24 hours and 12% in the last 7 days. Every day trading volume is $ 8.37 billion.

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