SOL UPDATE SOL is trading around $102, down roughly 1% today but continuing to hold above $100 after gaining around 42% over the past month.
Institutional demand remains strong. Solana ETFs have now recorded 10 consecutive positive sessions, bringing in $172.3M during the streak and taking cumulative flows above $1.3B.
Solana validators also approved doubling the annual disinflation rate from 15% to 30%. This will remove roughly 18.9M SOL from projected issuance over the next six years, a major improvement for SOL’s tokenomics.
Network activity remains strong with fees and non-vote transactions recently reaching record levels. OpenSea also added full Solana NFT trading yesterday, opening the ecosystem to a much wider audience.
For now, $100 is the main support. If that holds, $104-$105 is the first resistance, followed by $107-$110. Below $100, I’m watching $96-$98.
The broader market is facing pressure from rising oil and bond yields, but SOL’s structure still looks strong. Holding triple digits during this pullback would be a great sign
As always DYOR (Disclaimer)
Join Caleb's Degens for the best calls and alpha
