Crypto analyst Ali Martinez flagged a possible turning point for Solana on Saturday, tweeting that the Tom DeMark (TD) Sequential has “flashed a buy signal on Solana $SOL,” and adding that “holding the $150 support is key for a potential rebound.” The chart Martinez shared, a clean daily candlestick with the TD counts visible, captures the mood on desks and in chart-focused corners of the market: traders are watching whether buyers can step in around that $150 area and force a short-lived reversal.
The market so far is giving mixed signals. At the time of writing, SOL is trading around the low-to-mid $150s, roughly $158 on major tickers, down from the highs seen earlier in the month but noticeably above the panic lows that showed up during the recent sell-off. Intraday and recent daily candles have shown choppy action, with volume that suggests the move lower paused when price approached the $150–$155 band.
Why $150 matters
This price zone has acted as a visible demand area in recent sessions, and several technical reports now point to it as the level that will determine whether Solana’s pullback is a healthy consolidation or the start of something deeper. Short-term technicians who use the TD Sequential, an indicator that times exhaustion and reversal points, are interpreting the recent “buy” count as a signal that downside exhaustion could be near, but they’re quick to stress that confirmation through follow-through buying (higher closes, reclaimed moving averages) is essential before calling it a bottom.
Macro and market context matter too. Broader crypto sentiment has been volatile: some outlets noted a pause in the deep selloff earlier this week, while others flagged renewed downside pressure after a string of rate-sensitive headlines and isolated protocol incidents rattled investors. In that atmosphere, even a valid technical buy signal can be fragile if Bitcoin and the majors fail to stabilize. Traders are therefore watching correlation with BTC and liquidity flows into and out of risk assets as much as the chart itself.
There are also fundamental threads that keep Solana on many investors’ watchlists. The network continues to push on throughput and ecosystem programs, and the Solana Foundation and projects building on the chain have announced funding and developer incentive programs in recent months, arguments bulls use when projecting a meaningful recovery if sentiment improves. That said, such initiatives tend to play out over weeks and months rather than instantly reversing a technically driven pullback.
So where could SOL go from here? Short-term scenarios are straightforward: if buyers defend $150 and SOL posts a series of higher daily closes, traders will look for a relief rally toward the $165–$175 area (near short-term moving averages) and then higher resistance clusters around $185–$190 if momentum returns. Conversely, a decisive break below $150 with rising volume would put lower demand zones nearer $135–$140 back in focus. These are not predictions so much as mapped-out technical contingencies that market participants tend to use to size risk.
Martinez’s tweet did what market commentary often does: it focused attention. The TD Sequential buy signal is a tool, useful to some, noise to others, but its practical value will be measured in whether it changes order flow at the $150 support. For traders, that’s the real test; for longer-term observers, SOL’s network activity and developer momentum will remain the underlying story to watch.
