SOL Braces To Fall Below $146 As TD Sequential Prints Out Sell Signals: What To Do?

Seoul may lose momentum

Solana (Sol) has witnessed a trend over the past two weeks, as its price is currently trading at $ 149.94.

The new data shared by Ali shows that Altcoin is likely to witness a correction of the level of $ 146. The sale signal (as shown by the TD Series Index) indicates that the continuous bullish momentum may lose its vapor, and that the movement of shrinkage prices is looming on the horizon.

This sales sign gives that Sol traders are a hint of thinking about recovering gains or even launching short sites to take advantage of the imminent correction.

The data has set the $ 146 sign as a possible withdrawal goal. This means that if the sales index occurs as expected, the value of Solana may decrease in this sign or around this region before determining a possible support.

Solana price updates

Solana (Sol) is currently about $ 149.94, an increase of 2.7 % from yesterday, as buyers try to defend decisive support. However, the important thing is the place where the original is transmitted, and not where it is currently.

The timeline of the weekly trading shows that Sol is in a bullish direction. Its price has increased by 10.4 % and 2.3 % during the past seven days and two weeks, respectively.

Technical analysis determines about $ 132 as the area where the demand area sits. So if you take a deeper decline, this region may become of great importance because it historically attracted buyers who take advantage of the market drops.

Despite the possible withdrawal, Solana remains one of the main L1 protocols with a stable user activity in NFTS and Defi. While the size of asset circulation has decreased by 9.8 % over the past 24 hours, it is still healthy, indicating that merchants are watching this area for a possible price correction.

The Business Administration Conference Index has decreased to 42.69, which means that Altcoin is not exaggerated in wealth and does not agree with them. In the midst of its upscale movement, the relative power index of more than 40 and 42 indicates that the original is likely to suffer from a possible price decrease to support levels about $ 145.83 and $ 144.55 soon.