Solana (SOL) Shows Signs of Rebound as Buy Signal Emerges on 12-Hour Chart

Solana (SOL) may be poised for a short-term price bounce after technical indicators flashed a bullish signal.

According to market analyst Ali Martinez, the TD Sequential indicator on the 12-hour chart has triggered a buy signal, suggesting a potential trend reversal after a recent downtrend.

TD Sequential Buy Signal Triggers Hope

The TD Sequential indicator, known for spotting trend exhaustion, issued a “1” green candle following a nine-count setup—often a signal that selling momentum may be waning. Historically, this setup is used by traders to identify early stages of a price recovery.

The signal comes after a series of declining candles, with SOL reaching as low as $150 before showing early signs of stabilization. If the TD pattern plays out, Solana could witness a short-term rally in the coming sessions.

Current Price and Market Overview

As of June 2, 2025, Solana is trading at $157, down roughly 5.3% over the past year. The token holds a market cap of $82.31 billion, ranking it as the sixth-largest cryptocurrency by market value. Despite recent volatility, SOL has seen a slight 0.93% uptick in the past 24 hours.

24-hour trading volume stands at $2.56 billion, with a volume-to-market cap ratio of 3.11%, reflecting healthy liquidity.

Price Action and Outlook

Over the last 12 months, SOL has seen significant price swings, with peaks above $250 and lows near $100. The current price sits below the yearly average, indicating room for upward movement if sentiment improves.

If the TD Sequential signal holds, traders could see SOL retest resistance zones around $165 and possibly higher. However, further confirmation and broader market support will be key for sustained momentum.

Conclusion

Solana’s technical setup suggests a possible rebound may be in play. With the TD Sequential indicator flashing a buy signal and short-term sentiment turning, traders and investors are watching closely to see if SOL can break out of its recent slump.

Author

Kosta Gushterov

Reporter at Coindoo

Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.

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