DeFi Intel

Solana price clears 200-day SMA with $100 in sight

Solana's price surged 25% over the past week, briefly reaching $93.39 on Aug. 21 as a market-wide short squeeze pushed SOL above its major moving averages, including the 200-day SMA. The breakout has opened a path toward $98 and $100, though the asset appears overbought.

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