Solana Cooling Off After 16% Surge? TD Sell Signal Goes Off

Solana （SOL） witnesses a TD Sequential sell signal on multiple timeframes, suggesting a potential cooldown after a significant price surge.

Points

• Solana forms a TD Sequential sell signal on daily, four-hour, and hourly charts.
• SOL’s price surged over 18% in the past week.
• A large whale transfer to Binance could indicate selling pressure.
• SOL price declined to $180 from a high of $185.

Solana （SOL） has experienced a TD Sequential sell signal on its daily, four-hour, and hourly charts, indicating a potential price cooldown. This technical indicator, often used to identify possible price reversals, suggests that SOL may have reached a peak after its recent rally of over 18% in the past week.

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The TD Sequential indicator consists of two phases: the setup and the countdown. The setup phase counts up to nine candles of the same polarity, signaling a potential reversal. The countdown phase then counts up to thirteen candles, further indicating a likely turnaround point. Currently, Solana has completed a TD Sequential setup on multiple timeframes, suggesting it may face a temporary price decline.

In addition to the technical signals, a significant transaction was observed on the Solana network, where a whale transferred 19,068 SOL （worth over $35.1 million） to the Binance exchange. Such large transfers often indicate that holders are preparing to sell, adding to the potential selling pressure.

As of now, Solana’s price has declined to $180, down from a recent high of $185, potentially validating the TD Sequential sell signal. While this may imply a short-term cooldown, it does not necessarily indicate the end of the bullish momentum in the long term.

解説

• The TD Sequential indicator on Solana’s charts suggests a potential price cooldown after a significant rally.
• Large whale transfers to exchanges like Binance can signal impending selling pressure, contributing to price declines.
• Despite the short-term bearish signals, the long-term bullish momentum for Solana may still be intact.
• Investors should watch key support and resistance levels to gauge Solana’s future price movements and potential recovery.