The Solana price has triggered a rare weekly TD sequential buy signal, hinting at a potential price rebound after recent dips. This indicator, crafted by Tom DeMark, marks a possible shift from selling pressure to buying interest, capturing traders’ attention. As the market watches closely, SOL’s next actions could set the tone for its short-term rebound and renewed momentum.
The TD sequential indicator helps determine when a downtrend may be ending. The signal recommends a buy after nine candles close lower than the candle four periods earlier, suggesting that selling pressure is receding. This weekly buy signal suggests a potential rebound for the Solana price after recent dips.
TD Sequential Signals Solana Price Rebound
Solana ($SOL) is displaying a rebound potential as the TD sequential indicator flashes a buy signal on the weekly chart. This setup has historically marked turning points, suggesting bullish momentum may be building. Crypto analyst Ali Martinez emphasizes the indicator’s accuracy in anticipating price swings, indicating Solana’s potential for growth. Traders are waiting attentively for confirmation of this positive signal.
While the TD sequential indicator proves reliable, it’s better utilized alongside other analyses for confirmation. The Solana price trades around $128 at present, resting slightly below a critical resistance of $133.92. Based on Fibonacci retracement levels, surpassing $133.92 is an important factor for reaching price targets at $146 and $167. On the downside, maintaining support below $127 is crucial to uphold upward momentum and avoid further declines.
Technical indications suggest a cautiously positive view. The RSI suggests a neutral sentiment, while the Solana price remains below its all-time high of $295.40. A decisive move above $133.92 could confirm upward momentum, whereas failure to maintain support may lead to further consolidation.
Solana’s Market Context and On-Chain Activity
Solana’s ecosystem is performing well in 2025, with a surge in decentralized apps (DApps) and DeFi initiatives driving its total value locked (TVL) higher. Developers choose Solana for its speed and low expenses, making it one of the most active blockchains for transaction volume besides Ethereum. Daily trading volumes reached $3.19 billion, demonstrating substantial user growth.
Institutional demand grows as fund managers increase SOL holdings. CME Group’s recent introduction of Solana futures in March 2025, with over $12 million traded on day one, marks a crucial milestone for broader adoption.
READ MORE: Mantra Surges 50% in a Day as OM Recovers From Crash Lows
