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BULLISH 📈 : Solana price rises above $90, eyes $95 resistance level
Solana (SOL) is experiencing an upward trend, trading above $90 and the 100-hourly simple moving average. The price broke past the $88 level, showing potential for further gains.
- SOL initiated a rise above $85 and $88 against the US Dollar.
- A bullish trend line supports SOL at $89 on the hourly chart.
- The price reached a high at $94.10 before consolidating.
- Resistance levels to watch are $92, $95, and potentially $100.
For upside movement:
- Clearing the $95 resistance could lead to targets of $100 and $108.
In case of decline:
- Support levels are $90, $88.50, and possibly $84.
- A break below $84 may push the price towards $78.
Technical Indicators:
- MACD is losing pace in the bullish zone.
- RSI stands above 50, indicating positive momentum.
