Solana Key Indicator Flashes Buy Signal On Daily Chart – Rally Ahead?

Solana is showing resilience amid broader market weakness, with the cryptocurrency stabilizing above key demand levels and sparking cautious optimism among investors. After a sharp retrace alongside Bitcoin and Ethereum, Solana is holding firm, with many eyeing this zone as a potential launchpad for the next leg up. Despite recent uncertainty, sentiment around Solana remains constructive, with analysts pointing to strong structural support and a history of sharp rebounds from similar technical setups. The TD Sequential indicator has flashed a buy signal for Solana on the daily timeframe, which has historically preceded notable price rallies, particularly when it aligns with strong support zones. Solana is holding a critical support zone near $145 after shedding more than 20% of its value since late May, with bulls appearing to defend the level with strength. The correction has brought SOL into a key demand area, where a bounce could trigger a fresh push toward $160 and beyond. The daily chart shows that SOL has lost momentum since peaking above $180 in late May, marking a 20% correction, with price now holding just above the 100-day moving average. A daily close back above the 34-EMA could open the door for a recovery toward $160, while a breakdown below $144 could trigger further downside toward the March lows. The coming days will be critical in determining whether Solana can sustain this momentum and lead the next altcoin rally, with short-term direction hinging on the next few candles. If Solana manages to hold above the $144–$145 region, this could form the base for a rebound, especially if broader market sentiment improves.