Overview
- After a failed push at $92, SOL is holding over the 100-hour moving average and tracking a rising hourly channel that faces resistance near $88.
- A break through $88, then $90 and $92, could target roughly $95 and $102, while failure refocuses traders on $85 and the critical $82 Fibonacci level.
- Below $82, technicians highlight $76.50 and $72 as next supports, with the near-term range outlined around $76.6 to $89.8.
- Higher-timeframe signals remain cautious, including a cited weekly head-and-shoulders pattern pointing to potential risk toward $47–$49 despite bullish hourly indicators.
- Fundamentals show resilience as Solana’s transaction activity reaches record highs and SOL-focused products record about $31 million in weekly inflows.