Solana Price Taps $110 Before Retreating Amid Inflation Pressures

After reaching $110 on August 28, Solana's price retreated to around $106.25, still approximately 10% above its opening price of $96.60 from August 26.

The token had briefly fallen to $95.23 earlier in the period before buyers restored the uptrend, which began around August 19 when SOL broke out of a prolonged range near $75, $80.

The recovery followed strong US ETF inflows and network activity that helped SOL defend its breakout despite hotter inflation data.