Solana

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Resistance

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<p>Recent technical analysis suggests that <a href="https://captainaltcoin.com/youtuber-makes-urgent-solana-sol-price-prediction-40-crash-is-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> may be preparing for a potential rebound. Two crypto analysts, Ali and CRYPTOWZRD, shared insights on X, pointing to potential price movements for SOL in the coming days.&nbsp;</p>
<p>Ali mentioned that the TD Sequential indicator had flashed a buy signal on Solana’s daily chart, indicating the possibility of a recovery. Meanwhile, CRYPTOWZRD emphasized the potential for a rally, which could see <a href="https://www.coingecko.com/en/coins/solana" target="_blank" rel="noopener noreferrer nofollow">SOL’s price</a> target of $187.</p>
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   <p lang="en" dir="ltr">The TD Sequential indicator has flashed a buy signal on the <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Solana</a> <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> daily chart, suggesting a potential rebound of one to four daily candlesticks. <a href="https://t.co/RqVj1gl2N6" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/RqVj1gl2N6</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1831587400520241257?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 5, 2024</a>
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<h2 class="wp-block-heading" id="strong-buy-signal-from-td-sequential-indicator-strong"><strong>Buy Signal from TD Sequential Indicator</strong></h2>
<p>On Solana’s daily chart, the TD Sequential indicator—which is recognized for spotting trend depletion and possible reversals—has flashed a buy signal, according to Ali. Traders frequently utilize this technique to predict changes in the market, especially when it’s as unpredictable as the cryptocurrency market right now.&nbsp;</p>
<p>The purchase signal points to a possible higher <a href="https://finbold.com/opportunity-this-solana-sol-indicator-calling-for-850-target/" target="_blank" rel="noopener noreferrer nofollow">trend for SOL</a>, which might materialize in the next days. It is uncertain, though, if this will result in a long-term rally, even though the signal points to a short-term recovery.&nbsp;</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/how-will-ripples-protocol-help-xrp-price-pump/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>How Will Ripple’s Protocol Help XRP Price Pump</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-range-bound-movement-and-potential-reversal-strong"><strong>Range-Bound Movement and Potential Reversal</strong></h2>
<p>CRYPTOWZRD provided a more detailed analysis of Solana’s price action. According to the chart shared, SOL has been trading in a range for several months, with resistance at $187 and support around $122.</p>
<p>The price has been oscillating within this band, and a retest of the lower boundary above $122 suggests the possibility of a reversal.</p>
<p>Additionally, if the support at $122 holds, CRYPTOWZRD predicts a potential rally toward the upper resistance at $187. Moreover, this represents a gain of over 50%.</p>
<p>Besides, a breakout above $187 could signal an upward trend, but the current focus is on whether SOL will bounce from its current levels.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> WILL IT REVERSE? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f37f.png" alt="🍿" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>A beautiful retest, will it bounce? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f52e.png" alt="🔮" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> has been range bound for month, a reversal from here could trigger a rally to $187 (+52.94%) <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br> <br>It’s time to lock in <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/PXpwIu8WwC" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PXpwIu8WwC</a></p>— CRYPTOWZRD (@cryptoWZRD_) <a href="https://twitter.com/cryptoWZRD_/status/1831407539390705746?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 4, 2024</a>
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<h2 class="wp-block-heading" id="strong-technical-analysis-suggests-key-resistance-strong"><strong>Technical Analysis Suggests Key Resistance</strong></h2>
<p>The analysis shared by CRYPTOWZRD highlights the importance of the $187 resistance level. Moreover, a successful breakout from this point could lead to more substantial gains for SOL holders.&nbsp;</p>
<p>Besides, the price is currently testing support, and the next few trading sessions will be critical in determining the token’s trajectory.</p>
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<p>The post <a href="https://captainaltcoin.com/solana-flashes-buy-signal-wheres-sol-price-headed-next/" rel="noopener noreferrer nofollow">Solana Flashes Buy Signal: Where’s SOL Price Headed Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana Flashes Buy Signal: Where’s SOL Price Headed Next?

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