Solana Price Jumps on Short Squeeze and ETF Demand, But Analysts Diverge

Solana's price has been on a tear lately, rising from $85.37 on August 20 to an intraday high above $102.59 on August 25 before pulling back toward $97.50.

The daily Relative Strength Index (RSI) sits at an overbought 79, while the price remains stuck below the $100 resistance zone.

More than $4 billion in crypto short positions were liquidated, adding forced buying pressure to the rally, and Solana ETFs pulled in $65.74 million in net inflows - the strongest weekly figure recorded in 2026.