bullish

Solana

The post <a href="https://coinpedia.org/price-analysis/solana-surges-over-14-reclaiming-135-has-the-stage-set-for-a-full-sol-price-recovery/" rel="noopener noreferrer nofollow">Solana Surges Over 14%, Reclaiming $135: Has the Stage Set for a Full SOL Price Recovery?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto markets have been shaken by the recent collapse but some of them are using this as a strong buying opportunity. As a result, Bitcoin quickly recovered above $55,000, which has initiated a strong ascending trend among some altcoins, including Solana. Solana has been demonstrating acute strength since the beginning and hence, with a slight change in market dynamics, the token was expected to kick off a recovery.&nbsp;
The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SOL price</a> just hit the pivotal support close to $120 during the previous day’s trade, which attracted significant bullish volume. The current volume is not even half of yesterday’s selling volume, which has been a matter of concern. Besides, the TD sequential indicator continues to flash a sell signal for Solana, which suggests a potential dip below $135.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfLrJ1546HT6XhdA9tlmPGF06enKaxLiTTHZAb5nkav3GrF8Iq3AeEoZlEbDEkx-zwQ69SXv_6ZI06mxxZm5VTPBkSf_gy2W5BPmu8V_VN36giAEGNSwNKew23sf5Yr0ynfcLchoe5EI6ZFYeUMYZmF84A4?key=Heq_9XQ4vaY10k7DNMhaJA" alt="">
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 Source: <a href="https://x.com/ali_charts/status/1820720563830100026" target="_blank" rel="noopener noreferrer nofollow">X</a>
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The TD sequential indicator is bearish but also suggests a potential reversal if the price surges above $146, which may invalidate the bearish trajectory. Additionally, this move could drive the SOL price above $150, which may further elevate to $166. However, the token remains within a bullish range and hence the next couple of days need to be closely monitored as they are extremely crucial for the SOL price rally.&nbsp;
Luckily, the SOL price continues to hold a key support range in the long term, while the weekly candle continues to remain green. Hence, keeping up the probability of a new ATH in the coming quarter, possibly in Q4.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdZBukqkYWRNaQFM5FV96OVca0ze06sFjXJJkQ2W-BZaFTPhNbtY_YcPjCb8naPu4lX8w82HzO9dopVhl6FBDXSL-7wipToYYPIO3GdK6Qp7gFydtWfPxDC0dkVjV3sxjVXxJic6YvEMgdLFFLjlrnz_153?key=Heq_9XQ4vaY10k7DNMhaJA" alt="">
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The weekly chart suggests the Solana price has received immense bullish support after experiencing one of the most bearish weeks. While the RSI remains under bearish influence within a descending parallel channel, the possibility of re-testing the support could prevail. However, the token appears to be poised to fight the bearish heat and if it secures its level within the upper resistance zone between $152 and $158 by the end of the week, bulls may conquer the rally.&nbsp;
Therefore, the next few days can be pretty important for the Solana (SOL) price rally, which may display the next price action for the crypto.&nbsp;

Solana Surges Over 14%, Reclaiming $135: Has the Stage Set for a Full SOL Price Recovery?

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