SOL UPDATE SOL is pushing back into the upper 70s this morning, sitting around 77.50 and up roughly 1.5% over the past day.
Itās currently one of the strongest major coins, outperforming BTC and ETH while BTC holds above 65k. Thatās a good change after SOL spent most of the month struggling to keep up with the broader market.
Thereās fresh news behind the move too. A new Solana proposal lays out gradually cutting slot times from 400ms to 200ms. If implemented, it would allow faster state updates, lower latency and reduce the amount of time each validator controls transaction ordering.
Cash App Pay was also added as a payment option through MoonPay yesterday. Eligible U.S. users can now use their Cash App balances to purchase SOL and other crypto, making access much easier for a massive retail audience.
ETF activity finally returned as well. SOL funds brought in $1.6M on Tuesday after five straight sessions with zero flows. Itās still a small number, but cumulative net inflows are now around $1.13B.
The main event today is the Fed minutes at 2 PM ET. SOL is holding up well ahead of them, but oil above $91 and uncertainty around interest rates could still create volatility across the entire market.
For now, 78-80 is the wall SOL needs to clear. Break through that area and 83-85 becomes realistic. If it gets rejected again, 75 is the first support, followed by 72-73.
The price is finally starting to match the steady progress happening across Solana. Clear 80 and this could get interesting quickly
As always DYOR (Disclaimer)
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