As per TheMarketPeriodical, Solana price is showing signs of a potential reversal toward $145 following a weekly TD Sequential buy signal. Analysts note that the signal, which has historically captured major trend reversals since March 2023, is now active amid heavy selling pressure. The price is stabilizing above a key support area, with the weekly chart indicating a sequence ending in a '9,' a pattern previously seen at the 2023 bottom and the early 2024 top. Additionally, Solana is testing a major ascending support trendline that has held since late 2023, with a clean close above it expected to strengthen the bullish case. Institutional ETF flows are mixed, with a $13.55 million net outflow from Solana ETFs on December 2nd, primarily due to a $32.54 million redemption from the 21Shares Solana ETF (TSOL). However, other Solana ETFs, including Bitwise’s BSOL and Grayscale’s Solana ETF, saw inflows, indicating a rotation rather than a full withdrawal from the market.
Solana Price Eyes Reversal Toward $145 as Weekly Buy Signal Flashes
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