Solana Breaks ₱5,379 ($92), Bulls Target ₱5,554 ($95) Resistance

Solana broke through $92 after clearing $90 resistance, reaching a high of $94.10 before pulling back slightly.

The move came after bulls pushed the price above the $88 level, consolidating above $90 for the first time in recent sessions. SOL now trades above the 100-hourly simple moving average, with support forming at $89 on the hourly chart according to Kraken data. The RSI sits above 50, showing continued momentum after the rally from a $82.50 swing low.

Resistance now sits near $92, where the price has stalled after the initial breakout. Bulls need to clear this level to push toward the major resistance zone near $95. If that falls, the main target becomes $100, with the next key level after that at $108. A sustained rally could even target $112 if momentum holds.

Support levels remain solid below the current price. Initial support sits near the $90 zone, with the first major floor at $88.50 matching the 50% Fibonacci retracement level from the recent swing low. If bears manage to push lower, a support zone at $84 should hold, with $78 acting as the final line of defense. Any drop below $88.50 would signal the rally is losing steam.

Solana's network has improved reliability since disruptions in early 2024, when validator coordination issues caused outages. The blockchain can handle up to 65,000 transactions per second, though it averages around 2,400 in actual operation. Despite the SEC alleging in 2023 that SOL qualifies as an unregistered security, the token has continued to attract ecosystem development across DeFi projects, decentralized exchanges, and payment systems. The price action suggests bulls remain in control as long as SOL holds above the $90 support level.