Solana (SOL) Momentum Explodes as $100 Barrier Comes Into Focus

Solana started a fresh increase above the $92 zone. SOL price is now consolidating near $95 and might aim for more gains above the $98 zone. SOL price started a fresh upward move above the $92 and $95 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 $94 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $98 resistance zone. Solana Price Rallies Over 5% Solana price started a decent increase after it settled above the $88 zone, like 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 $97.67, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent upward move from the $86.54 swing low to the $97.67 high. Solana is now trading above $92 and the 100-hourly