According to Cryptofrontnews, Solana ($SOL) is showing early signs of a potential trend shift across multiple timeframes. The 12-hour chart indicates price compression near 138–140 USDT, with small candles signaling a slowdown in bearish momentum. Analysts have noted a TD Sequential buy signal and a completed exhaustion phase, suggesting the start of a possible bullish cycle. On the daily chart, a long-term cup-and-handle pattern is forming, with price attempting to recover toward the 220–260 USDT range. Market capitalization has stabilized near $75B, and a successful retest of the mid-140s could turn the current compression into a key pivot point. Long-term targets remain around 460 USDT, contingent on continued price recovery.
Solana Eyes Recovery as Market Compression and Cup Formation Signal Optimism
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