Solana Shows Signs of Recovery as Buy Signals Appear on the 12-Hour Chart

According to market analyst Ali Martinez, the TD Sequential indicator on the 12-hour chart has triggered a buy signal, indicating a possible trend reversal after the recent downtrend. The sequential TD buy signal activates hope The TD Sequential indicator, known for its ability to detect trend exhaustion, has produced a green candle "1" after a setup of nine counts—often a signal indicating that selling pressure may be weakening. Traditionally, this setup is used by traders to identify the early stages of a price recovery. The signal appears after a series of falling candles, with SOL reaching a low of 150 dollars before showing initial signs of stabilization. If the TD pattern occurs, Solana may witness a short-term price increase in the upcoming sessions.

Current Price and Market Overview As of June 2, 2025, Solana is trading at $157, falling approximately 5.3% over the past year. This token has a market capitalization of $82.31 billion, ranking as the sixth largest cryptocurrency by market value. Despite recent volatility, SOL has seen a slight increase of 0.93% in the past 24 hours. The 24-hour trading volume stands at $2.56 billion, with a volume-to-market-cap ratio of 3.11%, reflecting healthy liquidity. Price action and outlook In the past 12 months, SOL has experienced significant price volatility, with a peak above 250 dollars and a low near 100 dollars. The current price is below the annual average, indicating potential for a price increase if sentiment improves. If the TD Sequential signal remains intact, traders may see the SOL resistance zone retesting around the $165 level and possibly higher. However, further confirmation and broader market support will be key to sustainable momentum. Conclusion The technical setup of Solana shows that a recovery may be underway. With the TD Sequential indicator flashing buy signals and short-term sentiment changing, traders and investors are closely watching to see if SOL can escape the recent downturn.