Solana (SOL) has kicked off another upward move, trading above $87 after reclaiming the $85–$86 zone, and is now eyeing a push past the $90 mark. Price action recap - SOL rebounded from a low near $85 and climbed above the $85 level, entering a short-term bullish phase on the hourly chart (Kraken data). - The rebound cleared the 50% Fibonacci retracement of the slide from the $89.34 swing high to the $84.55 low, and SOL is now trading above the 100-hour simple moving average. - A bullish trend line is visible with support around $86.50, and the token is currently encountering near-term resistance at about $88.20, roughly the 76.4% Fib retracement of that same move. Bull case - If bulls can push SOL through the $90 resistance zone, momentum could accelerate toward $92; a decisive close above $92 would open the door to a larger rally targeting $100 and potentially $105. - Technical indicators support upside momentum: the hourly MACD is picking up in the bullish region and the RSI sits above 50. Bear case - Failure to break above $90 could trigger another pullback. Immediate support lies at the trend line near $86.50, with the first major floor at $85. - A break below $85 could send SOL toward $80, and a close under $78 would expose a move down to roughly $72 in the near term. Key levels (hourly) - Support: $86.50 (trend line), $85.00 - Resistance: $88.20 (76.4% Fib), $90.00, $92.00, then $100/$105 Watchlist - A sustained close above $92 for confirmation of a larger upward leg. - A breach and close below $85 for signs of deeper downside. Overall, Solana has regained traction after the recent pullback and is consolidating in a position that could favor further gains—provided bulls overcome near-term resistance around $90. Read more AI-generated news on: undefined/news