Solana Buy Signal Flashes: SOL Price Could Blast Toward $77 Resistance Next

Solana flashes a TD Sequential buy signal as SOL trades near $65, with traders watching a possible move toward $77.

Solana is showing a fresh TD Sequential buy signal after a steep decline across several timeframes. SOL was trading near $65.36 on the daily chart, down about 2.17% in the latest session.

SOL is already near oversold territory, with the RSI around 27. If buyers defend the current range, traders may watch for a move toward the $77 resistance cluster.

However, the broader setup remains weak despite the short-term signal. Solana is still down 19.46% over seven days, 29.88% over 30 days, and 52.14% over 180 days.

For now, the $60 to $65 support area remains important for the recovery attempt. A break below that range could weaken the buy setup and shift attention toward $55 and $50.

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SOL Buy Signal Appears After Heavy Selling

Solana was trading near $65.36 on the daily chart after falling about 2.17% in the latest session. The token remains under pressure, but the new TD Sequential buy signal has drawn attention from traders looking for a rebound setup.

The signal comes after SOL posted steep losses across several timeframes. Solana is down 3.43% over 24 hours and 19.46% over seven days, showing that sellers still control the short-term market.

However, the token has gained 1.33% over four hours, suggesting that buyers are trying to defend the current area. This early bounce has not confirmed a full recovery, but it keeps the $77 target in focus.

The $77 resistance cluster is now the first level that traders are watching. If the buy signal plays out, SOL could move toward that area before facing stronger selling pressure again.

Solana Remains Below Key Fibonacci Levels

The daily chart still shows a weak broader structure for Solana. SOL is trading far below the $88.09 Fibonacci level, which had acted as the lower boundary of its previous range.

Losing that level weakened the chart and pushed the token into the $60 to $70 area. This zone is now important because buyers need to defend it to avoid another move lower.

The first recovery target sits near $77, but stronger resistance remains higher. If SOL clears $77, traders may then watch $88 as the next key level.

A move above $88 would be more important for the wider trend. Until that happens, Solana remains below the main Fibonacci range and inside a bearish structure.

Long Positions Rise as RSI Nears Oversold Zone

Solana’s RSI is near 27, placing the token close to oversold territory. This reading suggests that SOL may be stretched to the downside after the recent decline.

Still, oversold conditions do not guarantee a lasting rebound. In weak markets, RSI can remain low while sellers continue to control price direction.

CoinGlass long and short data also shows that traders are leaning bullish. Binance SOL/USDT accounts show a long/short ratio of 3.2955, while OKX SOL accounts show 2.69.

Top traders on Binance are also positioned long, with the account ratio at 3.8286 and the position ratio at 1.6299. This shows that many traders expect a rebound, although crowded long positioning can increase risk if SOL fails to recover.

For now, support sits near $60 to $65. If this range holds, SOL could attempt a move toward $77 and then $88. If it breaks below $60, the next downside areas to watch are near $55 and $50.

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