Solana Surges Past $90, Targets Crucial $100 Resistance

Solana has broken through the $90 barrier and is now eyeing its next major test at $100. After launching a rally from the $82.50 swing low, SOL climbed past $85 and $88 levels before breaking through resistance and reaching a session high of $94.10.

The token is trading above the 100-hourly simple moving average and has formed a bullish trend line with support at $89 on the hourly chart. However, the price is consolidating after a minor pullback below the 23.6% Fibonacci retracement level of the move from $82.50 to $94.10.

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

The hourly MACD is losing momentum in the bullish zone, while the RSI remains above 50. The bullish trend line at $89 and the 100-hourly moving average provide a structural floor for now, but the fading MACD momentum suggests buyers may need a fresh catalyst to push through overhead supply.