SOLANA TESTS KEY $74.40 RESISTANCE — 14X BURN PLAN CLEARS FIRST VOTE!
Solana is trading near $74.20** and testing a descending trendline at **$74.40. A confirmed breakout could lift SOL toward $77.40 and $79. The token is trying to end a record 10-month losing streak — the longest in SOL's history.
🔥 Major Tokenomics Shift: Solana's Resource and Inclusion Fee proposal cleared its initial voting stage on August 4. If approved, daily SOL burns could jump from 650 to 9,000 SOL — nearly a 14x increase. The proposal could reduce SOL emissions by 18.9 million tokens (~$1.39B) over six years.
Also: Solana activated its first slot time reduction to 350ms on testnet — a key milestone toward faster block times. The network processed 1.01 billion transactions in the week of July 27–August 2.
Key Level: A monthly close above August's opening price of **$72.87** would end the 10-month red candle streak. Watch $74.40 closely!
$SOL
#Solana #SOL #Tokenomics #Burn #Altcoins
Solana is trading near $74.20** and testing a descending trendline at **$74.40. A confirmed breakout could lift SOL toward $77.40 and $79. The token is trying to end a record 10-month losing streak — the longest in SOL's history.
🔥 Major Tokenomics Shift: Solana's Resource and Inclusion Fee proposal cleared its initial voting stage on August 4. If approved, daily SOL burns could jump from 650 to 9,000 SOL — nearly a 14x increase. The proposal could reduce SOL emissions by 18.9 million tokens (~$1.39B) over six years.
Also: Solana activated its first slot time reduction to 350ms on testnet — a key milestone toward faster block times. The network processed 1.01 billion transactions in the week of July 27–August 2.
Key Level: A monthly close above August's opening price of **$72.87** would end the 10-month red candle streak. Watch $74.40 closely!
$SOL
#Solana #SOL #Tokenomics #Burn #Altcoins