Solana Price Soars 40% in One Week Amid Crypto Market Uptick

Solana's (SOL) price has surged by 40% in the past week, reaching almost $110 on August 28. The token is now trading at around $105 and boasts a market capitalization of roughly $61 billion.

The improved condition of the crypto sector appears to be driving SOL's ascent. Analysts are also citing rising institutional interest as a positive factor, with spot SOL ETFs recording eight consecutive green days for the first time since May 2026.

Many analysts on X are bullish about Solana's prospects. Daan Crypto Trades believes everything looks good as long as the price remains above $98, while SKYLINE thinks it's only a matter of time before SOL rises beyond $150. Fuel is even more optimistic, envisioning an eventual explosion to $1,000.

However, Sweep took a cautious tone, saying that a collapse to $70 remains possible. He added that 'after that, Solana will go parabolic.'