Solana Price Holds Ground Despite Hotter Inflation Data

Solana's price held its ground despite hotter inflation data from the US. On August 28, the token briefly touched $110 before retreating to around $106.25.

The recovery followed a strong advance that began around August 19, when Solana broke out of a prolonged range near $75, $80. The token subsequently cleared $88, $94, and the psychological $100 level as buying pressure accelerated.

$SOL remains above an ascending trendline connecting the higher lows formed since August 19. Its 4-hour Supertrend also remains bullish, with dynamic support at approximately $100.95. A drop below both levels would provide the first warning that the short-term structure is weakening.