Solana (SOL) Strength Improves, $90 Resistance Keeps Traders Cautious

Solana (SOL) Strength Improves, $90 Resistance Keeps Traders Cautious
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Solana started a fresh increase above the $86 zone. SOL price is now consolidating near $88 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 $86 and the 100-hourly simple moving average.
There is a bullish trend line forming with support at $87.40 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 Starts Fresh Increase
Solana price started a decent increase after it settled above the $85 zone, like Bitcoin and Ethereum. SOL climbed above the $86 level to enter a short-term positive zone.
The price even smashed the $88 resistance. A high was formed at $89.95, 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 $83.27 swing low to the $89.95 high.
Solana is now trading abov

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We współpracy z: https://www.newsbtc.com/analysis/solana-sol-strength-improves-90/

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