- Solana prints a TD Sequential buy signal after extended downside movement and fading bearish momentum.
- Long-to-short ratios show cautious confidence as traders maintain more long exposure on major exchanges.
- Market stability near key support keeps attention on whether price can clear early resistance levels.
Solana attracts attention as a TD Sequential buy signal emerges on the 12-hour chart while the market holds near a support zone. The signal forms after a period of selling pressure that slowed as candles began to contract.
TD Sequential Signal on the 12-Hour Chart
Solana receives a TD Sequential buy signal, as shared by Ali @ali_charts, after a clear downtrend carried the price from the $160 level into the $138 range. The appearance of the “1” follows several bearish candles and suggests early signs of trend exhaustion. Smaller candles near the signal reflect reduced selling strength.
A cluster of white candles around the signal shows indecision and slowing momentum. This pattern often develops when buyers begin absorbing pressure after a strong decline. Price behavior near this zone has become tighter, suggesting that the market is attempting to stabilize after a fast drop.
The $138 level is also considered as one of the main support levels, which has served as a stopgap floor over the past sessions. The initial indication of the uphill continuation can be a break above $140. Traders now watch for confirmation through stronger price action rather than relying solely on the signal.
Recent Market Performance and Volatility
Solana was trading at $137.21 at the time of the writing, which is lower than its session high of $142.21. The 24-hour change indicates a slight shift of -0.53%, which is an indication of a swings shaped day with a small net movement. This follows a week of steady downside movement.
The 7-day decline of -14.16%t and the 30-day decline of -22.45% show pressure across multiple timeframes. A 90-day shift of -22.89 percent supports the view of a prolonged cooling period. A one-year change of -34.60 percent places the token in a wider corrective environment.
Price data as of writing lists Solan at $141.08 with a trading volume above $5.6 billion. The token shows a -0.63 percent move over the past 24 hours, matching the controlled pace seen throughout recent sessions.
Long Positions and Broader Trading Context
Solana long-to-short positioning remains elevated on major exchanges. The ratio of OKX is 4.2715, whereas Binance has a ratio of 4.7737. These readings suggest that traders are in a longer exposure and still risking it on the downside.
Liquidation activity appears stable, with no large spikes shown in the referenced chart. This suggests that traders are using moderate leverage or adjusting positions before major volatility shifts. The absence of forced exits points to measured participation rather than panic-driven trading.
The broader market backdrop continues to influence sentiment as traders monitor whether support can hold. Price stability and the TD Sequential signal place attention on whether Solana can test resistance levels in the coming sessions and confirm early indications of a potential trend shift.
