Solana started a fresh increase above the $90 zone. SOL price is now 
consolidating and might aim for more gains above the $96 zone. SOL price 
started a fresh upward move above the $90 and $92 levels against the US 
Dollar. The price is now trading above $92 and the 100-hourly simple moving 
average. There is a bullish trend line forming with support at $92.20 on the 
hourly chart of the SOL/USD pair (data source from Kraken). The pair could 
extend gains if it clears the $96.50 resistance zone. Solana Price Starts 
Fresh Surge Solana price started a decent increase after it settled above the 
$88 zone, outperforming Bitcoin and Ethereum. SOL climbed above the $92 level 
to enter a short-term positive zone. The price even smashed the $95 
resistance. A high was formed at $96.85, and the price is now consolidating 
gains. There was a minor decline toward the 23.6% Fib retracement level of the 
recent upward move from the $87.61 swing low to the $96.85 high. Solana is now 
trading above $92 and the 100-hourly simple moving average. Besides, there is 
a bullish trend line forming with support at $92.20 on the hourly chart of the 
SOL/USD pair. On the upside, the price is facing resistance near $96.20. The 
next major resistance is near the $96.50 level. The main resistance could be 
$98. A successful close above the $98 resistance zone could set the pace for 
another steady increase. The next key resistance is $102. Any more gains might 
send the price toward the $105 level. Downside Correction In SOL? If SOL fails 
to rise above the $96.50 resistance, it could start another decline. Initial 
support on the downside is near the $94.00 zone. The first major support is 
near the $92.20 level, the trend line, and the 50% Fib retracement level of 
the recent upward move from the $87.61 swing low to the $96.85 high. A break 
below the $92.20 level might send the price toward the $90 support zone. If 
there is a close below the $90 support, the price could decline toward the $88 
support in the near term. Technical Indicators Hourly MACD – The MACD for 
SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative 
Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support 
Levels – $94.00 and $92.20 Major Resistance Levels – $96.50 and $98.00.

Solana (SOL) Breakout Setup Strengthens As Bulls Regain Full Control

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Solana (SOL) Breakout Setup Strengthens As Bulls Regain Full Control

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