Solana Surges Past $90 as Traders Eye Key Resistance Levels
Solana's price has surged past $90 after launching a fresh rally from its recent low of $82.50, prompting traders to eye the key resistance levels at $92, $95, and $100.
The token broke through several key barriers, including the $85 and $88 levels against the U.S. dollar, before reaching a session high of $94.10. Solana is now trading above its 100-hourly simple moving average.
A bullish trend line has formed with support at $89 on the hourly chart, providing a structural floor for the token's price. However, the fading MACD momentum suggests that buyers may need a fresh catalyst to push through overhead supply.