Solana Monthly Buy Signal Lights Up as SOL Near $74
Solana monthly buy signal: Ali Charts says the TD Sequential has issued a rare monthly buy on SOL as price trades near $74.46 on Coinbase. The claim suggests a potential macro trend shift and even the end of the bear market, but it still requires follow-through and confirmation on lower time frames.
Traders are watching key levels. The daily chart remains weak: SOL is down about 1.06% on the day and is holding around the $74.6 area, with support near $72–$74. A break below $72 could expose $70, $65, and $60.
On the upside, buyers need to reclaim resistance. The first major recovery level is around $83.74, followed by $100 and $111.79. Higher Fibonacci resistances extend to $133.82 and above, but they look unlikely unless SOL first recovers through the nearer barriers.
Momentum indicators on the daily chart remain cautious. MACD is below the signal line (MACD ~0.43 vs signal ~0.97) and RSI is ~45.6, under the neutral 50 line. Overall, the Solana monthly buy signal improves the long-term setup, while the Solana daily chart still demands confirmation for a sustained bull move.
Neutral
The news is mixed. The Solana monthly buy signal is typically a higher-timeframe indicator that can hint at trend exhaustion and a potential macro shift, which is why it often attracts dip-buying interest over weeks. However, the article explicitly notes that SOL’s daily structure is still under pressure, with price below key Fibonacci recovery zones and momentum (MACD below signal, RSI under 50) not yet confirming strength.
In similar past patterns, traders have often treated a monthly/weekly buy signal as a “watch” signal until daily closes reclaim major resistances (like the cited ~$83.74 area). If SOL defends $72–$74 support, the market could transition from bearish to range-bound and then trend up as buyers accumulate. If $72 breaks, the higher-timeframe signal may take longer to play out, turning into a false-start risk and keeping volatility elevated.
Net: supportive for a longer-term bias, but not enough for immediate bullish conviction without daily confirmation.