Cryptocurrency analyst Ali Martinez has shared his latest assessment of Solana (SOL).
Renowned cryptocurrency analyst Ali Martinez has declared that the earlier TD Sequential sell signal he had announced for the daily chart of Solana (SOL) has become invalid.
The analyst stated that following this development, a bullish outlook has emerged for SOL. This occurred as Solana broke the resistance level at $198.
According to the analyst, this event could indicate the start of another bullish trend for SOL.
According to Martinez’s statement, this latest development reflects a similar event that occurred in December last year. Back then, the invalidation of the TD Sequential sell signal caused SOL to surpass the resistance level, resulting in a significant 70% price increase before encountering the next sell signal.
The TD Sequential indicator is a technical analysis tool used to identify potential reversals.
