Solana started a fresh increase above the $86 zone. SOL price is now consolidating above $87 and might aim for more gains above the $90 zone.
SOL price started a fresh upward move above the $85 and $86 levels against the US Dollar.
The price is now trading above $87 and the 100-hourly simple moving average.
There is a bullish trend line forming with support at $86.50 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could extend gains if it clears the $90 resistance zone.
Solana Price Regains Traction
Solana price corrected gains from the $90 zone but remained stable above the $85 zone, like Bitcoin and Ethereum. SOL formed a low near $85 and started a fresh upward move.
The price climbed above the $85 level to enter a short-term positive zone. It surpassed the 50% Fib retracement level of the downward move from the $89.34 swing high to the $84.55 low. Besides, there is a bullish trend line forming with support at $86.50 on the hourly chart of t
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