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Solana surges 19% amid US Treasury buybacks and strong ETF inflows, testing key resistance at $89

Market News
21 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Solana's price jumped nearly 20% last week, reaching $91 before settling near $89, driven by the US Treasury doubling bond buybacks to boost market liquidity. This policy shift sparked renewed investor confidence, leading to $14.58 million in net inflows into Solana spot ETFs and a surge in futures trading volume by 177%. Technical indicators show Solana testing its 200-day EMA at $89, with potential to reach $96–$100 if resistance is broken. Key support lies at $80, with a breakdown likely to retest the $70–$72 range.

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