Analyst identifies a bullish signal on Solana's 12-hour chart based on the Tom Demark (TD) Sequential indicator.
The TD Sequential buy signal suggests a potential reversal for Solana after a 13% drawdown in the past week.
On-chain data shows a significant inflow of 2.86 million Solana tokens to Binance, potentially indicating a bearish effect if the motive is distribution.
Solana's price has dropped to $153.90 following the recent bearish trend.