$SOL /USDT — 🟢 LONG · Conf 90%
Entry: $104.56 – $105.18
SL: $100.25
TP1: $110.11
TP2: $114.31
TP3: $120.60
All three MAs stacked and rising on the 15M with price holding above MA(7) after a clean breakout through $100 — the structure hasn't given back a single key level since the $94.95 low.
Solana is a high-throughput Layer 1 blockchain processing thousands of transactions per second at sub-cent fees, used as the infrastructure backbone for DeFi, memecoins, NFTs, and now institutional ETF products. The Bitwise Solana Staking ETF crossed $1B in cumulative inflows on August 25 — a structural shift that means traditional finance is now a swing factor in SOL's weekly price action, not just retail.
The supply risk is real and unresolved: governance proposals to raise the SOL burn rate and slow supply growth were under active discussion in mid-2026 but none had been enacted — if SGP-0002 and SGP-0003 fail to pass, the disinflationary thesis weakens.
With the Resource Fee Vote outcome expected August 27 — today — and $1B in ETF inflows already in, does the governance result actually move price at this point or has the market already front-run both outcomes?
#SOL #Solana #Crypto #BONK #memecoin🚀🚀🚀
Entry: $104.56 – $105.18
SL: $100.25
TP1: $110.11
TP2: $114.31
TP3: $120.60
All three MAs stacked and rising on the 15M with price holding above MA(7) after a clean breakout through $100 — the structure hasn't given back a single key level since the $94.95 low.
Solana is a high-throughput Layer 1 blockchain processing thousands of transactions per second at sub-cent fees, used as the infrastructure backbone for DeFi, memecoins, NFTs, and now institutional ETF products. The Bitwise Solana Staking ETF crossed $1B in cumulative inflows on August 25 — a structural shift that means traditional finance is now a swing factor in SOL's weekly price action, not just retail.
The supply risk is real and unresolved: governance proposals to raise the SOL burn rate and slow supply growth were under active discussion in mid-2026 but none had been enacted — if SGP-0002 and SGP-0003 fail to pass, the disinflationary thesis weakens.
With the Resource Fee Vote outcome expected August 27 — today — and $1B in ETF inflows already in, does the governance result actually move price at this point or has the market already front-run both outcomes?
#SOL #Solana #Crypto #BONK #memecoin🚀🚀🚀
