Solana Price Consolidates After Surpassing Key Resistance Levels
- Solana’s price surged above the $90 and $92 levels against the US Dollar.
- SOL is trading above $92 and the 100-hourly simple moving average.
- A bullish trend line is forming with support at $92.20 on the hourly chart.
- The price faces resistance near $96.20, with major resistance at $96.50 and $98.
- Initial downside support is near $94, with major support at $92.20.
Solana has shown significant upward momentum, outperforming both Bitcoin and Ethereum, after stabilizing above the $88 mark. The current consolidation phase suggests potential for further gains if key resistance levels are surpassed.
With SOL maintaining its position above crucial moving averages, a close above the $98 resistance could lead to continued upward movement towards the next target of $102 or even higher to $105 levels if momentum persists.
<span style="font-size:
