- SOL flashes TD Sequential “9” buy signal, hinting at recovery.
- Solana outpaces Ethereum by 300% in January DEX volume growth.
- SOL’s market dominance positions $SOL for potential price surge.
After a major market decline, Solana is signaling a potential comeback. With a bullish TD Sequential buy signal flashing on the charts and record-breaking DEX volume, traders are now closely watching $SOL for a possible price rebound.
TD Sequential Flashes Buy Signal on Solana
Solana ($SOL) has emerged as a strong contender in the cryptocurrency market, showing signals for a possible rebound. After a significant price decline, the TD Sequential indicator flashed a “9” on the daily chart, which signals a potential buying opportunity. This suggests a possible reversal after a recent drop below $200, raising confidence for a market turnaround.
SOL pattern indicates a shift despite the current bear market and volatility across the crypto space. The TD Sequential indicator’s bullish buy signal comes at a time when many traders may have written off the token. The price action, testing the lower $200s, has prompted market players to reassess their stand on SOL’s future performance.
The TD Sequential pattern, which indicates trend reversals, has historically been a reliable tool for forecasting shifts in price actions. This recent signal, which occurred during a period of downward pressure, could mark the start of a rally. Traders should monitor how the price movement reacts to this signal.
Solana outpaces Ethereum by 300% in January DEX volume
Moreover, Solana has surpassed Ethereum in the decentralized exchange (DEX) monthly volume. In January 2025, Solana recorded $258.48 billion in DEX volume, outpacing Ethereum by 300% and Binance Smart Chain (BSC) by 329%. This surge indicates the growing adoption of Solana’s blockchain for decentralized trading.
The increased DEX volume signals rising market interest in SOL which could contribute to its price increase. As more traders utilize SOL for decentralized exchanges, the network’s utility and adoption continue to expand. This could boost future price increase, especially if SOL maintains its leading position in DEX activity.
The growth in Solana’s DEX volume aligns with increased demand for decentralized platforms. Ethereum’s market share, which has long dominated the crypto space, has been overshadowed by SOL’s impressive performance. This suggests a shift in market dynamics, which could have huge effects on both SOL’s price and its market position.
Although the broader market conditions remain volatile, Solana’s dominance in DEX volume signals potential long-term growth. This trend could push the $200 mark and achieve higher price targets.
Solana’s resilience amid market fluctuations showcases its potential to outperform other cryptocurrencies in the near future. The combination of a bullish buy signal and record DEX volume positions SOL for a potential breakout. Traders and investors should watch out for change in market conditions to adjust their strategies.