Solana (SOL) has rebounded strongly, with its price climbing from $86.35 to $91.52, marking a 6.04% increase. This recovery has seen SOL reclaim the $90 level, maintaining its gains as it trades between $90 and $92. The move suggests a solid buyer presence, with the cryptocurrency now testing the 0.618 Fibonacci extension level at $91.63, a critical resistance point.
If Solana can sustain its position above this level, the next target is the 0.786 Fibonacci level at $94.71, with further resistance at $98.63. On the downside, support is seen at $89.46 and $87.30. The Bull Bear Power indicator shows positive buying pressure, although momentum is not yet explosive. Analysts highlight $87.2 as a key support level, with potential for further gains if this level holds.
