Solana Prints Weekly Buy Signal as Price Tests $95 Zone

Solana's weekly chart has shown improvement after rebounding from its recent lows. Analyst Jesse Olson notes that Solana has printed a weekly buy signal, which suggests a possible trend reversal. The setup is similar to one in the past where Solana initially fell another 35% after a weekly buy signal before eventually rising 991%. However, this history does not guarantee a similar move.

The chart shows SOL trading near $95.28, with a current candle up about 27.8% after opening around $74.54. The price is attempting to break away from the descending structure that has controlled the broader decline. A weekly buy signal will print if the price closes above the current resistance zone.

The first major test sits around $108.76, where the chart's blue long-term trend indicator is positioned. A sustained weekly move above that area would strengthen the case that buyers have regained control and could turn the roughly 100-110 region into support. Below the market, the chart marks another technical level near $76.80.