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Solana Holds Near $120 Resistance Amid Institutional Inflows and Network Upgrades

Guavy AI Editorial Team
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Solana's price remains near the key resistance level of $119.95 as institutional inflows and network upgrades boost demand for the cryptocurrency.

The Solana (SOL) price is currently trading at $117.53 with a modest intraday gain, maintaining its position above its key moving averages.

This week's net inflows into spot Solana ETFs reached a record $188 million, pushing total holdings to about $450 million over 11 consecutive weeks of positive flows.

The launch of the Open USD (OUSD) stablecoin on Solana, backed by BlackRock and BNY with over $1 billion in committed liquidity, expands the network's role as a settlement layer.

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