Feb 4, 2025
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Solana Sees Buy Signal on TD Sequential Indicator After XRP Sell Signal
An analyst highlighted a recent buy signal for Solana (SOL) using the Tom Demark (TD) Sequential indicator, which previously indicated a sell signal for XRP.
Key Points on Solana's TD Sequential Signal
- Solana completed a TD Sequential setup with nine red candles on its daily price chart.
- This suggests SOL may have reached a potential bottom.
- The TD Sequential consists of two phases: setup (up to nine candles) and countdown (up to thirteen candles).
- Red candles indicate a possible upward reversal; green candles suggest a potential peak.
XRP experienced a sell signal from the same indicator last week and has seen a price decline since then.
SOL Price Update
- SOL briefly fell below $180 during a recent market downturn.
- The current price is approximately $207.
