Solana (SOL) is showing early signs of a potential bullish breakout as the TD Sequential indicator recently triggered a buy signal at $178. The signal, commonly used to identify trend reversals, has ignited optimism among traders, especially as the price consolidates above the critical $180 level. On the 4-hour chart, bearish momentum appears to be waning, with candlesticks showing reduced strength and a green arrow appearing beneath the last bearish candle, reinforcing the possibility of a reversal [1].
Price action has also begun forming higher lows, suggesting that buyers are stepping in and building strength toward a key $188–$190 resistance range. However, the bullish narrative is not without challenges. Growing concerns about Ethereum-based scams are creating a cloud of uncertainty over the broader crypto ecosystem, with some analysts warning that these activities could spill over into Solana’s infrastructure and affect…
