Solana validators just approved a proposal to double the annual deflation rate to 30%, while two whales withdrew over $650 million SOL from exchanges.
Entry: 102.28 - 103.86
TP1: 107.94
TP2: 110.60
TP3: 112.43
Why this setup?
$SOL is holding the 102.28 support after rejecting 107.94. The SGP-0002 proposal passed with 67% support, accelerating SOL's deflation from 15% to 30%. Meanwhile, Bitwise's Solana ETF surpassed $1B AUM, becoming the first Solana ETF to reach this milestone. A push above 107.94 could open the path toward 110.60 next.
Two catalysts aligning — deflation acceleration and ETF growth. Does this change your outlook on SOL?
Trade here 👇🏻
Entry: 102.28 - 103.86
TP1: 107.94
TP2: 110.60
TP3: 112.43
Why this setup?
$SOL is holding the 102.28 support after rejecting 107.94. The SGP-0002 proposal passed with 67% support, accelerating SOL's deflation from 15% to 30%. Meanwhile, Bitwise's Solana ETF surpassed $1B AUM, becoming the first Solana ETF to reach this milestone. A push above 107.94 could open the path toward 110.60 next.
Two catalysts aligning — deflation acceleration and ETF growth. Does this change your outlook on SOL?
Trade here 👇🏻
