Solana's price has pushed higher, climbing above the $90 and $92 marks and now trading above $92 with the 100-hourly simple moving average as support. A bullish trend line is forming at $92.20 on the hourly chart, and the digital asset is currently consolidating gains after reaching a high of $96.85.
Resistance Levels in Focus
The price faced resistance near $96.20, with the next major barrier at $96.50 and the main resistance at $98. A successful close above $98 could trigger further gains toward $102 and $105. For now, SOL is holding above the $92 mark, but traders are watching whether it can clear $96.20 to extend the rally.
Downside Support Levels
Initial downside support sits near $94.00, with major support at $92.20 and the trend line. If the price breaks below $92.20, it could slide to the $90 support. A close below $90 may lead to further losses toward $88. The trend line at $92.20 is a key level to watch in the short term.
Technical Indicators Turn Bullish
The hourly MACD is gaining pace in the bullish zone, signaling upward momentum. The hourly RSI is above the 50 level, indicating buying pressure. These technical readings support the case for further upside, provided support levels hold.
As of now, SOL is consolidating near $95, with the market awaiting a catalyst to break through resistance. The next move could depend on whether buyers can sustain the push above $96.20 and eventually $98. Failure to hold above $92.20 would shift the short-term outlook back to bearish.
