Solana (SOL) climbed past the $90 mark after launching a fresh rally from the $82.50 swing low, with traders now watching a series of resistance levels at $92, $95 and $100 that could determine the token's short-term direction.
What Happened: SOL Breaks Above $90
The token pushed above the $85 and $88 levels against the U.S. dollar before breaking through $90 resistance and reaching a session high of $94.10. SOL is now trading above the 100-hourly simple moving average.
A bullish trend line has formed with support at $89 on the hourly SOL/USD chart. The price is consolidating after a minor pullback below the 23.6% Fibonacci retracement level of the move from $82.50 to $94.10.
On the upside, immediate resistance sits near $92, followed by $95 and the key psychological level at $100 — a successful close above which could open the path toward $108 and $112. On the downside, a failure to hold above $88.50 and the 50% Fibonacci retracement could push the price toward $84 and potentially $78.
The hourly MACD is losing momentum in the bullish zone, while the RSI remains above 50.
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Why It Matters: Key Technical Test Ahead
The $100 level represents a major psychological barrier for SOL, and how the token handles the resistance zones between $92 and $95 in the near term will likely signal whether the rally has legs or is running out of steam.
The bullish trend line at $89 and the 100-hourly moving average provide a structural floor for now, but the fading MACD momentum suggests buyers may need a fresh catalyst to push through overhead supply. A breakdown below $88.50 would invalidate the current bullish setup and shift focus to lower supports, making the next few sessions critical for traders positioned on either side.
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