Based on the latest market data (as of May 12, 2026), Solana (SOL) experienced a surge above $96 yesterday and is currently in a high-level pullback and consolidation phase, with the latest price around $94.7.

Below is the current key support and resistance level analysis for SOL:

📉 Support levels (defense positions below)
* $92 - $94 (core support zone): This is the most critical short-term defense area. As long as the price can stabilize within this range without breaking below, the overall structure remains strong, and there is still a chance for another upward move.
* $87 (watershed/strong support): If the market experiences a significant pullback, $87 is an important short-term support/resistance level. Falling below this point could damage the strong bullish structure and lead to a deeper correction.

📈 Resistance levels (upward resistance positions)
* $97.68 (intraday high): This is the highest point reached on May 12, just recently, and is the most immediate resistance level that needs to be broken through in the short term.
* $100 - $105 (core target zone): $100 is not only an important psychological milestone but also a widely watched target area in the current market phase. If volume increases and the price stabilizes above $100, the space above could further open up to $105.

💡 Trading strategy suggestions
Currently, market sentiment is shifting from broad rally to divergence. As a high-volatility (high Beta) asset, SOL requires some turnover in the short term to digest profit-taking. It is recommended not to chase highs blindly; instead, patiently wait for the price to pull back to the $92-$94 support zone and show signs of stabilization before considering entry.