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2024

Solana

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<p>Top crypto analyst, Ali Charts, has issued a warning regarding Solana (SOL). He noted that the TD Sequential indicator is flashing sell signals on daily, four-hour, and hourly charts. This could indicate that SOL’s price might face a downturn. His analysis of these charts provides insights into what might happen next for SOL.</p>
<h2 class="wp-block-heading" id="strong-understanding-td-sequential-indicator-strong"><strong>Understanding TD Sequential Indicator</strong></h2>
<p>This indicator is a technical analysis tool used to detect possible price reversals. It works by counting a sequence of price bars and indicating a possible reversal when a certain pattern is achieved. When a ‘9’ candle appears, it frequently indicates that the trend has become overextended and that a correction is impending.</p>
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   <p lang="en" dir="ltr">Watch out! The TD Sequential presents sell signals on <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Solana</a> <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> daily, four-hour, and hourly charts. <a href="https://t.co/b0tPKLCcFU" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/b0tPKLCcFU</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1815147385284088118?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 21, 2024</a>
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<h2 class="wp-block-heading" id="strong-solana-sol-price-analysis-strong"><strong>Solana (SOL) Price Analysis</strong></h2>
<p>The daily chart for SOL shows a strong upward trend, marked by mutiple green candles. The price has risen from approximately $126 to $185.35, indicating a bullish rally.&nbsp;</p>
<p>The TD Sequential indicator has presented a sell signal, typically marked by a ‘9’ candle, suggesting potential exhaustion of the current upward trend. The resistance level to watch is around $187, where the upward momentum might face a challenge.</p>
<p>The four-hour chart reflects the daily chart’s bullish trend but provides more detailed information. The price has risen from around $132 to $186, supporting the positive sentiment.</p>
<p>However, a TD Sequential sell signal has appeared, indicating a potential reversal or consolidation period. Key resistance and support levels are around $187 and $171, respectively, with the latter potentially acting as support if a pullback occurs.</p>
<p>The hourly chart offers an even closer look at SOL’s price action. It shows a series of green candles pushing the price up from about $171 to $185.36. Again, the TD Sequential indicator has issued a sell signal.&nbsp;</p>
<p>This repeated signal across different time frames strengthens the likelihood of an impending correction. Immediate levels of interest are $186 as resistance and $182 as support, crucial for traders making quick decisions.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/will-bitcoin-btc-price-break-73k-this-week/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Will Bitcoin (BTC) Price Break $73k This Week?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-bullish-solana-perception-strong"><strong>Bullish Solana Perception</strong></h2>
<p>Despite this caution, as <a href="https://captainaltcoin.com/crypto-trader-predicts-where-is-the-solana-price-headed-next-sol-eyes-1000/" target="_blank" rel="noopener noreferrer nofollow">previously reported by Captain Altcoin</a>, Ali had predicted a possible 900% SOL surge to $1000. This is in play, with the token <a href="https://www.coingecko.com/en/coins/solana" target="_blank" rel="noopener noreferrer nofollow">trading at $177.74</a> today with a trading volume of $4,112,397,004. This is a 3.55% and a 16.50% price rise in the last day and week.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-implications-of-the-sell-signals-strong"><strong>Implications of the Sell Signals</strong></h2>
<p>A sell signal on the TD Sequential indicator suggests that the upward trend might be overextended, indicating a potential price correction. This is particularly significant when sell signals appear across multiple time frames, as it indicates a broader consensus among traders.</p>
<p>The analysis by @ali_charts and the charts provided suggest that SOL has experienced a robust bullish trend across the 3 time frames. However, the TD Sequential sell signals on all three suggest caution. Traders should watch the resistance levels around $187 closely, as these could be points where the price might face selling pressure.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/this-solana-indicator-flashes-a-sell-signal-is-sol-price-about-to-crash/" rel="noopener noreferrer nofollow">This Solana Indicator Flashes a ‘Sell’ Signal: Is SOL Price About to Crash?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Solana Indicator Flashes a ‘Sell’ Signal: Is SOL Price About to Crash?

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