- Solana’s price near $187 could spark a rally if it breaks through resistance at $190.
- The TD Sequential buy signal hints at a reversal, driving hopes for a push toward the $220 area.
- Traders closely watch support and resistance zones to predict their next price movement.
Solana may soon see a price recovery after the TD Sequential indicator flashed a buy signal on its daily chart. Market expert Ali shared an analysis that points to a possible move toward $220. Solana trades near $187, a key area that could determine its next direction.
Fibonacci Levels Show Critical Price Points
Solana’s price aligns closely with several key Fibonacci retracement levels, benchmarks for future movements. The 0.618 level at $190 represents an important hurdle for buyers, while the 0.786 level at $176 has served as a reliable support zone. The **0.5 level at $211 and the 0.382 level at $223 remain crucial resistance points for a sustained rally.
Additionally, Solana must surpass the 0.236 level at $238 to confirm longer-term bullish trends. On the downside, a fall below $176 could signal weakness. Traders are watching these levels closely since they will likely define Solana’s immediate path.
Technical Signal Inspires Optimism
The TD Sequential indicator displayed a green ‘9’ candle, a widely recognized signal for identifying trend reversals. This buy signal reflects bullish momentum after a prolonged Solana price downturn. Historically, such signals often precede rallies, sparking optimism among traders.
Solana’s ability to hold above $187 is critical for validating this signal. Breaking through $190 would strengthen its case for a recovery toward $220. If this upward trend continues, resistance levels at $211 and $223 could be short-term targets.
Growing Attention from Traders
Ali’s analysis has generated much discussion, with his chart amassing over 16,000 views across social platforms. Ali is known for his precise use of the TD Sequential indicator, and his insights often help traders make informed decisions.
The focus remains whether Solana can maintain its support and overcome resistance levels to achieve its $220 target. As the cryptocurrency market continues evolving, analysts and traders will closely monitor Solana’s performance.
The post Solana Buy Signal Suggests Price Surge Toward $220 appeared first on Cryptonewsland.
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