Solana price holds rising trendline with $115 in sight

Solana price traded near $106 on Aug. 28 after reaching $110, as strong US ETF inflows and network activity helped SOL defend its breakout despite hotter inflation data. Summary Solana price climbed from $96.60 on Aug. 26 to an intraday high of $110. The daily chart shows $104.41 turning into the first important support level. US spot Solana ETF inflows reached $1.22 billion after five consecutive positive sessions. A break above $110 could open the way toward $114.88 and $127.83. Solana price retreats after reaching $110 According to data from crypto.news, Solana (SOL) price rose as high as $110 on Aug. 28 before retreating to around $106.25, leaving it approximately 10% above its Aug. 26 opening price of $96.60. SOL briefly fell to $95.23 earlier in the period before buyers restored the uptrend. The recovery followed a strong advance that began around Aug. 19, when SOL broke out of a prolonged range near $75–$80. The token subsequently cleared $88, $94, and the psychological $100 level as buying pressure accelerated. Friday’s pullback started after SOL tested the $109–$110 area, where the 4-hour chart shows its latest local high. The decline of about 3.4% from that peak points to...