In this Solana Elliott Wave analysis for 29 August 2026, we examine the $110 resistance level to determine if a larger fourth wave correction is starting. Video by More Crypto Online.
As of today, August 29, 2026, the live price of Solana (SOL) is trading around $103.50 to $104.00, representing an approximate 1% gain today and an 11% to 15% recovery over the past week. The asset has successfully reclaimed the psychologically important $100 support level but is currently facing near-term resistance around the $110 zone.
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Insights Today
1. Landmark Governance Vote Triggers Disinflation - The primary driver for today's bullish market sentiment is the successful passage of governance proposal SGP-0002. In a tight vote, Solana validators approved a "double disinflation" structure. This policy accelerates the network's annual issuance reduction rate from 15% to 30%, effectively cutting the timeline to hit its terminal 1.5% inflation floor in half. By removing a projected 18.9 million SOL from future issuance over the next six years, long-term holder dilution is drastically reduced.
2. Mainnet Activates 300ms Blocks - On the infrastructure side, Solana successfully activated 300ms slots on the live mainnet. Moving block production times down from previous 400ms and 350ms configurations dramatically speeds up transaction confirmation times. This provides current, operational proof of Solana’s scaling thesis rather than just future pipeline promises.
3. Institutional Inflows & Charles Schwab Integration - Institutional demand is surging, with spot Solana ETFs bringing in $138 million in net inflows over a recent 10-day period. Notably, Bitwise's Staking ETF (BSOL) officially crossed the $1 billion Assets Under Management (AUM) milestone. Further bolstering retail accessibility, legacy broker Charles Schwab announced plans to add Solana trading directly to its platform, paving a massive on-ramp to millions of brokerage accounts.
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