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Crypto

Solana Breaks Multi-Month Downtrend, Tests $100 as Support

Guavy AI Editorial Team
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SOL
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Solana (SOL) has broken a multi-month downtrend by climbing above $100 to $101.45, a level it now tests as support after an ascent from a June low near $60.

The surge comes with daily active addresses reaching 5 million and on-chain activity surging due to high demand for Solana memecoins.

While SOL ETF inflows slowed to $9.14M, down from two days above $30M each, the market share of Solana memecoin volume remains strong at 85% with a total of $5.2B traded last week.

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