Solana (SOL) broke above a bearish trend line on the hourly chart and reached a high of $92.05 after climbing past the $82, $85 and $88 resistance levels on the Kraken exchange, with technical indicators now pointing toward a potential test of $95 and eventually the $100 mark.
What Happened: SOL Breaks Bearish Trend
SOL started its upward move after settling above the $82 zone, following a pattern similar to Bitcoin (BTC) and Ethereum (ETH). The price cleared the 100-hourly simple moving average and broke through a bearish trend line that had served as resistance at $87 on the SOL/USD hourly chart.
Bulls pushed the token past $90 before it peaked at $92.05. The price has since pulled back slightly below the 23.6% Fibonacci retracement level of the move from the $75.64 swing low to the $92.05 high, and is now consolidating above $85.
On the upside, $88 serves as the nearest resistance, followed by $92 and then $95, which is considered the key level. A close above $95 could open the path to $100 and potentially $106.
If SOL fails to clear $88, initial support sits at $85.50, with the 50% Fibonacci retracement near $84. A break below $82 could push the price toward $78.
The hourly MACD is gaining momentum in bullish territory, and the RSI remains above 50.
Also Read: What Keeps Ethereum From Breaking Past $2,080 Resistance?
Why It Matters: Key $95 Level Ahead
Solana's break above the bearish trend line is a technically significant development. The trend line had capped upward movement on the hourly chart, and its breach suggests short-term momentum has shifted in favor of buyers.
The $95 resistance zone is the level to watch. A clean break above it would mark the highest price since the recent decline from previous highs and could attract fresh buying interest toward the psychologically important $100 threshold.
However, the consolidation pattern also carries downside risk.
Major support at $84 — aligned with the 50% Fibonacci retracement — represents the level where the current bullish structure would come under serious pressure if broken.
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