Solana Soars Past $90, Traders Eye Crucial Resistance Levels

Solana's price surged past $90 after a fresh rally from its swing low of $82.50, with traders now eyeing key resistance levels at $92 and $100.

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 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.