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Crypto

Solana Targets $116 Resistance as Price Surpasses $100

Guavy AI Editorial Team
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SOL
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Solana (SOL) has regained its focus on breaking through the $116 resistance level, after briefly exceeding $100. The cryptocurrency's price has been trending upward, with a recent crossing of the 50 and 100-day moving averages further strengthening its technical outlook.

According to the latest data, Solana spot ETFs saw a net inflow of $6.18 million last week, indicating increasing interest in the asset. If the current price range between $107 and $109 is breached, analysts are expecting a potential move towards the $115-$116 band.

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