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Cryptocurrency News Articles

TD Sequential Flashes Buy Signals on XRP, Solana, Maker, and Worldcoin (WLD) Charts

Dec 21, 2024 at 02:30 am

The TD Sequential, a renowned technical analysis indicator, has flashed buy signals on the 4-hour charts of XRP, Solana (SOL), Maker (MKR), and Worldcoin (WLD).

TD Sequential Flashes Buy Signals on XRP, Solana, Maker, and Worldcoin (WLD) Charts

Crypto technical analysis points to XRP, SOL, MKR, WLD poised for gains

prominent technical analysis indicator has signaled potential buying opportunities in XRP, Solana (SOL), Maker (MKR), and Worldcoin (WLD).

A renowned technical analysis indicator, the TD Sequential, has signaled potential buy opportunities on the 4-hour charts of XRP, Solana (SOL), Maker (MKR), and Worldcoin (WLD). This development has drawn the attention of traders and analysts, suggesting promising setups for these assets.

Crypto analyst Ali Martinez highlighted these TD Sequential signals on December 19, indicating potential opportunities for traders. This occurred during a period of fluctuating market sentiment, where traders were actively seeking confirmation of trend reversals.

Each of these tokens displayed distinct price action on their respective 4-hour charts, aligning with the TD Sequential’s signal. Such setups often attract investors aiming to capitalize on potential rebounds, particularly when supported by broader market trends or fundamental developments.

XRP’s 4-hour chart signaled a "1" after a retracement, suggesting a buying opportunity. Priced at around $0.24 at the time of the signal, XRP has been struggling to regain its footing following recent market volatility. This indicator setup could inspire optimism among traders looking to re-enter positions.

Solana (SOL) also registered a buy signal, presenting an opportunity for a potential rebound. SOL has faced intense selling pressure in recent sessions, dropping to about $210. The buy signal coincided with a key support zone, implying that bulls may be preparing to push the price higher. If confirmed, this signal could bolster confidence in SOL’s recovery trajectory.

Maker (MKR) joined the list of tokens displaying a buy signal, as the TD Sequential identified a critical level for potential accumulation. Trading around $1,732, MKR has been navigating a downtrend for several days. However, the buy signal could encourage renewed interest in the asset, particularly among long-term holders seeking discounted entry points.

Worldcoin’s 4-hour chart signaled a buy setup, as the TD Sequential indicated a potential entry level for traders. This setup comes after a steep decline, offering a possible opportunity for those looking to acquire WLD at lower levels. The technical structure aligns with the bullish indication, setting the stage for a possible upward reversal if buying pressure intensifies.

The emergence of buy signals across these assets signals a potential shift in market dynamics. While the TD Sequential is a widely used tool, traders are advised to confirm signals with additional indicators or market conditions. The broader crypto market’s performance, macroeconomic developments, and individual token fundamentals will play a crucial role in determining the success of these setups.

Original source:blockchainreporter

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