Solana Short-Term Indicator Signals Potential Risk – Reversal Or Pause?
Solana is showing strength by surpassing a key resistance level, indicating a potential recovery after weeks of weakness. The broader crypto market remains volatile due to macroeconomic uncertainty and US-China trade tensions. Despite improving investor sentiment, caution is advised as analyst Ali Martinez identified a bearish signal on the 12-hour chart using the TD Sequential indicator, suggesting a possible short-term pullback. Solana has surged over 48% since April 7 but has lost over 65% of its value since January's peak. The price is approaching the $150 resistance zone, critical for confirming a reversal. Macroeconomic factors continue to influence market sentiment, though hopes for a US-China agreement and increased global liquidity provide some optimism for altcoins.
