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Solana price rallies over 5% amid key governance vote and strong ETF inflows, showing bullish momentum.

Technical Signals
28 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Solana's price surged more than 5% in 24 hours, reaching $106.71, driven by a key governance vote that could reduce future token supply and sustained inflows from Spot ETFs. Technical indicators show strong bullish momentum on weekly, daily, and 4-hour charts, with the price breaking above a major resistance level of $97.37 and holding it as support. Despite some overbought signals on the daily chart, the weekly trend suggests room for further gains, indicating potential continued upward movement for Solana in the near term.

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