$SOL keeps getting bought by treasuries while price chops at the range floor Narrative: Solana is where the onchain trading volume lives, and listed companies keep stacking it Catalyst: DeFi Development Corp filed Oct 5 showing 2.56M SOL after adding 26,203 more, and Solana has led all chains in quarterly DEX volume for 8 straight quarters Structure: 1H riding just above the EMA20 (~$120.65) in the range; I want the retest at $120.65 Volume: KuCoin 24h turnover $19.4M, day change -0.4% Entry $120.65 TP $126.65 SL $118.50 R:R 2.79 Risk: spot SOL ETFs saw $9.2M of outflows on Oct 5, so a 1H close under SL and I step aside Follow the next call on X @Itadoritrades