Solana’s price has been declining over the past 30 days, recently falling to $141.3, its lowest point in this period. This drop has brought Solana to a significant support level, which could signal a price reversal over the next 30 days. Crypto analyst Ali Martinez mentioned on social media that Solana might turn bullish if this support level holds.

Solana has struggled with trader interest, with much attention shifting to Ethereum following the SEC’s approval of Spot Ethereum ETFs. Consequently, SOL has dropped from $187 over the past three weeks, losing about 24% of its value. This decline was further impacted by Bitcoin's recent fall below $65,000, causing Solana to test support at its 200-day moving average.

Martinez noted that reaching the $141 support level might indicate a short-term reversal. The TD Sequential indicator, which counts trend periods and flashes a buy signal after nine periods of lower lows or highs, suggests it could be an opportune moment to buy Solana as it begins to rebound.

Following two consecutive red candles, SOL seems poised to form a green candle, according to the daily timeframe chart shared by Martinez. He noted that if the $141 support holds, SOL could see a rebound lasting one to four days.

Currently trading at $145, Solana appears to be on a rebound path. Historically, when Solana last stalled at $141, it surged 32% to $186. If Bitcoin maintains its key support at $66,300, it may assist SOL and other altcoins in bouncing back.

However, not all TD indicator signals result in sustained uptrends. If Solana fails to stay above $140, it could drop further to the next support level at $130. According to Coinglass Longs vs. Shorts data, traders remain undecided on Solana’s direction, with 49.05% of positions long and 50.95% short.