Solana Surmounts $90 Resistance as Traders Eye Key Psychological Level

Solana's price has broken above $90 after a fresh rally from its recent swing low of $82.50, and traders are now eyeing key resistance levels at $92, $95, and a critical psychological barrier at $100.

The token pushed through the $85 and $88 resistance levels before breaking through $90, reaching a session high of $94.10 and establishing itself above the 100-hourly simple moving average.

A bullish trend line has formed on the hourly chart with support at $89, but the price is currently consolidating after a minor pullback below the 23.6% Fibonacci retracement level of the move from $82.50 to $94.10.