Solana's SOL repeats weekly bottom signal after 1,604% and 142% rallies as price eyes $120 resistance

A recurring bottom signal has reappeared on Solana's weekly SOL chart, matching patterns seen before a 1,604% rally in 2023 and a 142% advance in 2025. Analysts point to long lower wicks on consecutive candles and an ascending triangle breakout on the daily chart, with price now holding above $93.50 and targeting $120 and potentially $145 if momentum continues. Derivatives and spot data show cautious but improving market activity, with open interest below $2.3 billion since the Feb. 6 low and futures CVD recovering by $700 million since Feb. 24.