Solana (SOL) Faces Major Crash Warning After Critical Sell Signal Appears

By 36crypto
about 2 hours ago
CRASH MAJOR BULLISH SOL SURGE
  • Solana sell signal sparks fears of major downside move toward $90.
  • Ali Martinez warns Solana momentum weakens after recent rally exhaustion appears.
  • Traders monitor Solana support levels closely as bearish pressure continues building.

Solana (SOL) moved into a critical technical position on Tuesday after a bearish signal appeared following the token’s recent rally. According to crypto analyst Ali Martinez, the TD Sequential indicator flashed a sell signal on the daily chart, suggesting SOL could decline toward the $90 price level. The warning emerged after SOL climbed from the mid-$80 range and approached nearly $97 during the latest market advance. However, bullish momentum started slowing near resistance, while traders began watching for possible profit-taking activity after several consecutive upward sessions.


According to Martinez, the TD Sequential “9” setup often indicates trend exhaustion after extended price increases. Consequently, many short-term traders now expect higher volatility as SOL tests several important support levels during the current trading period. The chart shared by Martinez showed SOL trading near $95 after the signal appeared. Moreover, the latest daily candle reflected early selling pressure as buyers struggled to maintain control near recent highs.


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Key SOL Support Levels

Market participants are now monitoring whether SOL can remain above the $93 support region. Meanwhile, analysts continue focusing heavily on the $90.61 level because previous consolidation formed near that area before SOL pushed higher. That region may now act as a major support zone if the ongoing pullback continues. Additionally, traders often revisit previous breakout levels during corrections before larger trends resume.


Despite the bearish signal, SOL still maintains a broader structure of higher highs and higher lows. However, failure to defend the $90 region could increase downside pressure toward lower support levels near $88 and $86. Resistance currently remains near $96.88 after recent rejection attempts slowed bullish continuation. If buyers regain momentum above that level, SOL could attempt another move toward the $101 region.


Besides technical signals, broader crypto market conditions continue affecting trader sentiment across major digital assets. Bitcoin and several altcoins recently experienced increased volatility as investors reacted to changing liquidity conditions and macroeconomic developments. Solana now faces growing downside pressure after Ali Martinez highlighted a TD Sequential sell signal on the daily chart. Although the broader trend remains constructive, traders continue watching whether SOL can avoid a deeper correction toward the important $90 support region.


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The post Solana (SOL) Faces Major Crash Warning After Critical Sell Signal Appears appeared first on 36Crypto.

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