Solana (SOL) has been experiencing a significant rally over the previous month and has, by November 2, reached its new yearly high of approximately $44. The trend follows the price movements seen across the broader crypto market and is perhaps best illustrated by Bitcoin’s (BTC) year-to-date increase of 112%.
Despite the onslaught of positive news, cryptocurrencies including Bitcoin have been hovering around their recently reached highs and experiencing multiple corrections near said points.
As for Solana, a crucial indicator called the TD Sequential hints that it may be in for an imminent price correction.
TD Sequential is a technical analysis (TA) tool created by Tom DeMark, a market analyst, designed to detect points where a price is likely to change directions by analyzing price reversals and continuing patterns.
TD Sequential signals it may be time to short Solana
Late on November 1, the prominent cryptocurrency trading analyst Ali Martinex took to X to warn that TD Sequenti
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