Feb 27, 2026
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BULLISH 📈 : Solana price surges above $85, targets $95 resistance level
Solana Price Movement
- Solana is experiencing an upward trend, moving past the $82 and $85 levels against the US Dollar.
- The price is trading above $82 and the 100-hourly simple moving average.
- A break occurred above a bearish trend line at $87 resistance on the hourly SOL/USD chart.
- The pair may continue to rise if it surpasses the $88 resistance zone.
Current Price Action
- Solana climbed above $85, entering a short-term positive zone.
- The price hit $92 before consolidating gains with minor declines below the 23.6% Fib retracement from $75.64 low to $92.05 high.
- Resistance remains near $88, with major levels at $92 and potentially $95 for further gains.
- A close above $95 could lead to increases towards $100 and $106.
Potential Downside
- If Solana fails to breach $88 resistance, a downside correction could occur.
- Initial support lies around $85.50, with major support at $84 or the 50% Fib level of the recent move.
- Breaking below $84 could push the price towards $82, and further to $78 if $82 support fails.
Technical Indicators
- Hourly MACD: Gaining in the bullish zone.
- Hourly RSI: Above 50, indicating strength.
- Major Support Levels: $85.50, $84.00
- Major Resistance Levels: $88, $95