Solana Posts Weekly Buy Signal, Targets $100 Resistance After 28% Rebound

Solana has flashed a weekly buy signal after rebounding from the mid-$70s to nearly $95, according to independent crypto analyst Jesse Olson.

The token's price action suggests it may be forming a macro bottom, but caution remains as additional confirmation is needed for a broader reversal.

Solana has been trading below a descending structure that followed a drop from above $200, and the rebound brings price back above this line.

A weekly close above the $100-$105 resistance zone would support a larger bullish reversal, but failing to reclaim the area could see price slip back into consolidation.