Solana Bulls Eye $100 as Traders Test Resistance

Solana (SOL) has broken above $90 after launching a fresh rally from its recent low of $82.50, with traders now eyeing key resistance levels at $92, $95, and $100 that could determine the token's short-term direction.

The price 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 its 100-hourly simple moving average.

A bullish trend line has formed with support at $89 on the hourly SOL/USD chart, but the price is consolidating after a minor pullback below the 23.6% Fibonacci retracement level of the move from $82.50 to $94.10.