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Solana Down 13%, But This Indicator Just Turned Bullish

  • 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.

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