Indicator That Foreshadowed XRP’s 14% Crash Gives Buy Signal For Solana

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,951,186,443,539	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,951,186,443,539

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-3,205.41	-3.16%	98,215.13	98,227.91	98,227.92

Price Change

Price Change %

Current Price

Bid Price

Offer

-3,205.41

-3.16%

98,215.13

98,227.91

98,227.92

High Price	Low Price	Open Price	Prev. Close	52 Week Range
101,812.23	98,066.73	101,573.80	101,420.54	42,228.01 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

101,812.23

98,066.73

101,573.80

101,420.54

42,228.01 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
CRTO	08:43:07	0.006990	98,220.00	USD

Exchange

Last Trade

Size

Trade Price

Currency

CRTO

08:43:07

0.006990

98,220.00

USD

Price x Volume	Volume	Base Symbol	Related Pairs
565,882,084.51	5,660.58	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

565,882,084.51

5,660.58

Indicator That Foreshadowed XRP’s 14% Crash Gives Buy Signal For Solana

04/02/2025 6:30am

NEWSBTC

An analyst has pointed out how Solana (SOL) has just seen a buy signal on the same indicator that earlier called for selling XRP (XRP). Solana Has Seen A Buy Signal On The TD Sequential In a new post on X, analyst Ali Martinez has discussed about a Tom Demark (TD) Sequential signal that Solana has displayed on its daily price chart. The “TD Sequential” here refers to an indicator from technical analysis (TA) that’s used for locating probable points of reversal in an asset’s price. Related Reading: Bitcoin Traders Fearful For First Time Since October: Buying Signal? The TD Sequential involves two phases: setup and countdown. In the first of these, the setup, candles in the chart of the same color are counted up to nine (with it not mattering whether the candles are consecutive or not). Once the candles are in, the setup is to be complete and the asset could be assumed to have reached a potential location of turnaround. As soon as the setup is done with, the second phase, the countdown, kicks off. In this phase, too, candles of the same polarity are counted up, but this time, the phase doesn’t end until thirteen of them are in. When the countdown ends, the coin could be considered to have arrived at another possible reversal. Naturally, where the cryptocurrency heads off after a TD Sequential phase depends on the candles that led to the phase’s completion. Red candles imply a reversal to the upside, while green candles indicate a potential top has been reached. Solana has recently completed a TD Sequential phase of the first type on its 1-day price chart. Below is the chart shared by the analyst, that shows this pattern for the asset. As is visible in the graph, Solana has finished a TD Sequential setup with nine red candles recently, which implies that the asset could have arrived at a bottom. A week ago, XRP also witnessed a signal in the indicator, as Martinez has pointed out in another X post. Here is the chart for the setup that the coin formed: From the graph, it’s apparent that XRP saw a sell signal on the TD Sequential last week. The pattern appears to have held for the cryptocurrency, as its price has crashed since the signal has emerged. Related Reading: Stablecoins See Positive Momentum: Will This Lead To New Bitcoin All-Time High? It now remains to be seen whether the TD Sequential would hold for Solana as well and result in a fresh rally for the asset. So far, signs are looking in the right direction as SOL has seen a bit of a rebound from its lows. SOL Price Solana briefly went under the $180 mark during the crash, but the asset has since bounced back to $207. Featured image from Dall-E, charts from TradingView.com

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