2024

Solana

when

Solana (SOL), which is among the shining stars of 2023, has experienced tremendous rises since last October and continues to do so.
These days, when we hear rising news about Solana every day, like Bitcoin, SOL once again became the focus of attention in the crypto space, with its price increasing by approximately 15% and exceeding $ 170.
While Solana's impressive rally underlines the growing investor interest, veteran analyst Ali Martinez warned that there could be a big drop in SOL price.
Drawing attention to Solana's TD Sequential indicator, which has historically always given a sell signal when it reaches certain levels since December 2023, the analyst said:
<blockquote>
 “TD Sequential Solana is giving a sell signal on the daily chart!
 Since December 2023, the SOL price has fallen 17% to 28% every time this indicator points to selling.
 At this point, there is a sell signal for SOL again, and in a similar situation, we can see that SOL can drop to $152 or even $127.”
</blockquote>
SOL continues to trade at $172 at the time of writing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The TD Sequential presents a sell signal on the <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a> daily chart!
 Since December 2023, every time this indicator suggested selling, the price of <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> dropped by 17% to 28%. A similar outlook could see <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> retrace to $152 or even $127. <a href="https://t.co/3JbXdabK3v" rel="noopener noreferrer nofollow">pic.twitter.com/3JbXdabK3v</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1768213412947845581?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 14, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/solana-warning-from-experienced-analyst-the-indicator-which-has-known-the-declines-since-2023-is-giving-a-decline-alarm-for-sol/" rel="noopener noreferrer nofollow">Solana Warning from Experienced Analyst! "The Indicator, which has known the declines since 2023, is giving a decline alarm for SOL!"</a>

Solana Warning from Experienced Analyst! "The Indicator, which has known the declines since 2023, is giving a decline alarm for SOL!"

Bitcoin Sistemi EN

Other articles published on Mar 14, 2024

The Challenges Hindering Advancements in Self-Driving Technology

Judge Rejects Gemini, Genesis Motion to Dismiss SEC Lawsuit

Unlock the Secrets of Offline Crypto Staking for Enhanced Security and Rewards

CEX Tokens and Solana-Based Tokens Exhibit Impressive Hikes

Solana and THORchain surge; Milei Moneda eyes promising debut

Grayscale’s GBTC sees over $10B outflow, marking a record withdrawal

Join our free newsletter for daily crypto updates!