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Crypto

Solana Price Soars Past $100 After Strong Weekly Rally

Guavy AI Editorial Team
Instruments
SOL
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Solana's price has finally broken through the $100 barrier, marking a significant milestone in its recent price action. The cryptocurrency has seen a more than 25% weekly rally, which has contributed to this breakout.

This move follows renewed institutional demand for Solana, with spot Solana ETFs reporting $33.49 million of inflows on August 24. With SOL now trading at around the breakout level, traders are looking to see if this is the start of a larger trend.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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