Solana Tests ₱5,124 ($88) Resistance After Holding ₱4,949 ($85) Support

Solana is trading below $88 after holding support above $85, setting up a potential breakout if it clears near-term resistance.

The token failed to reclaim the 50% Fibonacci retracement level between its $81.71 swing low and $90.29 swing high, but has held above the 61.8% level. That's kept the structure intact for bulls looking to push higher. Resistance now sits at $88, with additional barriers at $90 and $92 before the path opens to $96 and a potential run to $100.

Support remains layered below current price. The $85 level has held so far, with backup support at $84 and $82. A break below those zones would expose the $76.50 level, which would likely shift short-term sentiment.

The RSI is hovering near 50, suggesting neither side has control yet. A move above $90 would likely bring momentum buyers back into the market, while a failure to hold $85 could trigger stops and accelerate a move lower. Data from the Kraken SOL/USD pair shows price action remains range-bound, with traders waiting for a clear directional break. Solana needs to reclaim $88 and hold above $90 to confirm the next leg higher toward $100.