Solana is currently trading near $154 and facing pressure due to $323 million losses and a $161 million whale sell-off.
A TD Sequential buy signal on the 12-hour chart suggests a possible short-term bullish momentum for Solana.
Breaking the $180 resistance level could lead to a major rally for Solana amid growing optimism in the altseason.
Market analysts are cautiously optimistic about Solana's medium-term prospects, with the potential for a significant breakout if it flips the $180 zone into support.