Solana Surges Past $90 as Traders Eye $100 Resistance

Solana (SOL) has broken past the $90 mark after a fresh rally from its $82.50 swing low, with traders now eyeing key resistance levels at $92, $95 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 the 100-hourly simple moving average.

A bullish trend line has formed with support at $89 on the hourly SOL/USD chart, but the hourly MACD is losing momentum in the bullish zone. The RSI remains above 50, indicating a possible continuation of the rally.

The immediate resistance sits near $92, followed by $95 and the key psychological level at $100. A successful close above $100 could open the path toward $108 and $112, while a failure to hold above $88.50 and the 50% Fibonacci retracement could push the price toward $84 and potentially $78.