“I am taking attendance. Be quiet! Anxiety! Here. Sadness? Here. Loneliness? Here. Happiness? Happiness?” wrote Cemal Süreya. It seems like he summarized the cryptocurrency market. Everything is there. Anxiety, sadness, and loneliness are present. We are in search of happiness. It is not in the market yet. You seem to say, “The bull season hasn’t come yet, so we can be happy.” While we wait for the bull season, an analyst has made an evaluation for Solana coin today. Let’s see what he said.
Analyst Brings Good News for Solana Coin Investors
While cryptocurrency investors hope for a bull season for the happiness Süreya couldn’t find in his attendance, analyst Ali Martinez shared a graph on X today. The graph shared by the analyst evaluates Solana coin.
According to Martinez, the significant support level of $141 for Solana is highlighted. The analyst indicates that the TD Sequential indicator on the graph shows a buy signal for SOL coin on the daily chart! If this support continues, SOL could recover for one to four candlesticks on a daily basis.
Recovery for Solana coin can be expected. As known, Solana has become a project that significantly benefited from the meme coin craze this year. Investors had to buy SOL coin to purchase meme coins on the Solana network. This situation became a significant factor in the increase of Solana’s price.
Will Solana Satisfy Its Investors?
Although Solana coin has fallen to a significant support point similar to the rest of the market, the price could rise towards $150 with recovery expectations at this stage.
At the time of writing, Solana’s price was trading at $144. The peak for SOL coin in 2024 was $210. Considering this level, SOL coin has made nearly a 40% correction. If Solana sees levels of $200 and above again, cryptocurrency investors might find the happiness that couldn’t say “here” in Cemal Süreya’s attendance.
