Solana, weekly chart. Just like Ethereum, the chart looks weak. A full-bodied weekly candle has broken below the previous weekly cycle low, which keeps the burden of proof firmly on the bulls. At the moment, I would view the $40–$60 zone as the most interesting area for a potential long-term entry. The constructive development is that a clear weekly basing point has now emerged around $103. That gives us an objective level to watch. A decisive weekly close back above $103 would invalidate my bearish outlook and activate the bullish scenario.