Solana (SOL) is testing a critical resistance level at $88–$90 after rebounding from $76, amid ongoing market volatility. Analysts suggest that a failure to break above $90 could lead to a pullback towards $81 or even retest the $76 support. However, a confirmed breakout above $90 might pave the way for a move towards $100.
The recent rally is attributed to broader market sentiment and Solana's ecosystem developments, including network upgrades that have improved stability. Despite these positive fundamentals, traders are advised to monitor technical indicators, as the RSI approaches overbought territory and on-chain metrics show increased whale activity. Solana's current price is approximately $87.60, reflecting a slight dip from recent highs but an overall weekly gain.
Solana Tests Key Resistance at $88–$90 Amid Market Fluctuations
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