Solana Hits Major Support At $141 Amid Bitcoin Drop, Analyst Says It's Time To Buy
What support level did Solana hit that could potentially reverse its recent price decline?
Solana hit a major support level at $141, which could potentially reverse its recent price decline. This level coincides with its 200-day moving average, and the TD Sequential indicator has flashed a buy signal on the daily timeframe, suggesting a possible rebound for Solana in the short term.
What does the TD Sequential indicator suggest about Solana's future price action in the short term?
The TD Sequential indicator suggests that Solana's price action might turn bullish in the short term if the current support level at $141 holds. The indicator has flashed a buy signal on the daily timeframe, which could indicate a potential reversal and an opportune time to pick up the altcoin as it starts to rebound. According to crypto analyst Ali Martinez, if this support holds, Solana could rebound for one to four daily candlesticks. At the time of writing, Solana is trading at $145.10 and appears to be on a rebound path.
What was the lowest price of Solana in the past 30 days?
The lowest price of Solana in the past 30 days was $141.3.