Solana has kicked off a fresh upside move, climbing above the $92 mark and now consolidating around $95 as bulls test higher ground. After breaching $92 and the 100-hour simple moving average on Kraken-based price data, SOL gained more than 5% intraday and printed a short-term high at $97.67 before pulling back into consolidation.
Technical picture (hourly):
- Price is trading above the 100-hour SMA and a bullish trend line that currently provides support near $94.
- The recent advance ran from a swing low of $86.54 to the $97.67 high; SOL briefly dipped below the 23.6% Fibonacci retracement of that move during the consolidation, but remains well above the 50% retracement near $92.
- Momentum signals are mixed: the hourly MACD is losing some bullish steam, while the hourly RSI remains above 50, suggesting buyers still have the edge.
What bulls need to clear:
- Immediate resistance sits around $95, with a more important pivot at $98.
- A decisive close above $100 would open the door for further gains toward $105 and potentially $112.
What bears could target:
- If SOL fails to overcome $98, a renewed pullback could test trend-line support near $94 and the $92 area (50% Fib).
- A break below $92 would likely expose $88, and a sustained break there could push SOL toward the $82 zone.
What to watch next:
- Key supports: $94, $92, $88
- Key resistances: $95, $98, $100
- Momentum: hourly MACD for bullish momentum, hourly RSI for continuation above 50
In short, Solana’s short-term bias remains bullish while it holds above the 100-hour SMA and the $92–$94 support band, but traders will be watching whether buyers can push through the $98–$100 zone or whether momentum will fade into a deeper correction.
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