Solana $SOL exhibits early bullish patterns, including compression near 138–140 USDT support on the 12-hour chart and a long-term cup-and-handle formation on the daily timeframe, signaling potential recovery toward 460 USDT resistance with stabilization in market cap near $75B.
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Solana’s 12-hour chart reveals TD Sequential buy signals, marking the start of a bullish cycle after bearish exhaustion.
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Daily SOL/USDT displays a multi-year cup-and-handle pattern, indicating accumulation and upside potential to higher resistance levels.
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Market capitalization holds steady around $75B, with price basing near key supports, backed by reduced selling volume and early recovery attempts.
Solana bullish patterns emerge as $SOL forms bases near 138 USDT, with cup-and-handle setups hinting at long-term gains. Explore TD Sequential signals and market cap trends for recovery insights—stay ahead in crypto investments today.
What Are the Early Bullish Patterns in Solana’s Price Action?
Solana bullish patterns are appearing across multiple timeframes, with the 12-hour chart showing compression and buy signals after a downtrend, while the daily view forms a classic cup-and-handle structure for potential multi-month recovery. These indicators suggest a shift from selling pressure to accumulation, with price stabilizing near 138–140 USDT support levels before any upward move.
How Does the TD Sequential Indicator Signal a Solana Reversal?
The TD Sequential indicator on Solana’s 12-hour SOL/USDT chart has flashed a green “1” following a “9” exhaustion marker, pointing to the beginning of a bullish cycle. This tool, developed by technical analyst Tom DeMark, identifies potential trend changes by counting consecutive closes; the setup here follows persistent black candles and volatility contraction, with smaller wicks indicating market indecision. Volume data from recent sessions shows declining bearish participation, supporting a slowdown in downward momentum, as noted by market analyst Ali in a social media update: “TD Sequential flashes a buy signal for Solana $SOL!”
Despite these positive cues, Solana remains below key trendline resistance around the mid-140s USDT. A close above this level could confirm the pivot, turning current consolidation into a stronger recovery base. Historical applications of TD Sequential on assets like Bitcoin have preceded rallies of 20-50% in similar setups, per data from TradingView analyses.
Frequently Asked Questions
What Does the Cup-and-Handle Pattern Mean for Solana’s Long-Term Price?
The cup-and-handle pattern on Solana’s daily chart signals accumulation after a prolonged dip, with the “cup” forming a rounded bottom from prior highs and the “handle” as a brief consolidation. This classic bullish continuation setup, observed over several years, targets resistance at 460 USDT if price reclaims the 220–260 USDT mid-range. Trader Ray highlighted this in a recent post: “When you zoom out, the Solana chart is forming a massive cup and handle. I’m super bullish on $SOL to break new ATH’s,” emphasizing its rarity and upside potential.
Is Solana’s Market Cap Stabilizing for a Recovery?
Solana’s market capitalization has stabilized near $75 billion after declining from $110 billion amid broader market rotations and uncertainty. This flattening near lower boundaries, coupled with minor price recoveries, indicates a local base formation where buying interest may counter further downside. Key supports at 138 USDT are holding, and if volume picks up on upside tests, it could sustain a gradual climb, as patterns suggest per on-chain data from sources like CoinMarketCap.
Key Takeaways
- TD Sequential Buy Signal: The green “1” on the 12-hour chart marks early bullish exhaustion, potentially leading to a trend reversal if resistance breaks.
- Cup-and-Handle Formation: Long-term daily pattern points to accumulation, with targets up to 460 USDT contingent on mid-range reclamation.
- Market Cap Base: Stabilization at $75B signals reduced selling, offering entry points for traders eyeing Solana’s recovery trajectory.
Conclusion
Solana’s bullish patterns, from TD Sequential signals to the emerging cup-and-handle on daily charts, underscore a cautious yet promising shift in momentum amid market cap stabilization near $75 billion. As price tests supports around 138–140 USDT, investors should monitor volume and resistance breaks for confirmation of sustained recovery. With Solana’s ecosystem strengths in scalability, staying informed on these technical developments positions traders for potential gains in the evolving crypto landscape—consider tracking key levels for timely decisions.
