Solana Surges Past $90 as Traders Eye Crucial Psychological Level

Solana has broken above $90 after launching a fresh rally from its recent low of $82.50, leaving traders to watch a series of resistance levels at $92, $95 and $100 that could determine the token's short-term direction.

The token pushed through several key levels, including $85 and $88, before reaching a session high of $94.10 and breaking above the 100-hourly simple moving average.

A bullish trend line has formed with support at $89 on the hourly Solana/USD chart, and while the price is consolidating after a minor pullback below the 23.6% Fibonacci retracement level, immediate resistance sits near $92, followed by $95 and the key psychological level at $100.

While the token's short-term direction remains uncertain, the 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.