Solana prints weekly buy signal near $95, faces $100-$105 confirmation test

Solana has printed a weekly buy signal after rebounding from the mid-$70s to about $95, according to analyst Jesse Olson. The signal suggests a possible trend reversal but does not confirm a full bullish shift. On the weekly SOL/USD chart, Solana traded near $95.28, with the candle up about 27.8% after opening around $74.54. An updated chart later showed SOL around $94.84 after breaking out of consolidation near the mid-$70s to low-$80s. The key confirmation zone is $100-$105, with a major chart level at $108.76 and resistance broadly around $108-$110. A sustained weekly close above that area could turn it into support and strengthen the case for a broader recovery, while rejection would leave Solana vulnerable to further consolidation. Olson compared the setup with an earlier cycle in which SOL fell another 35% after a weekly buy signal before eventually rising 991%, though that history does not guarantee a repeat. Support is marked near $76.80, with the recent base around $75-$80 and the recent lows in the mid-$60s. Olson also noted that Solana has not yet made a higher high after falling from above $200, leaving the broader reversal unconfirmed. His longer-term projection points toward the previous high-price region and eventually above $500, but it is presented as a scenario rather than a forecast.

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