We analyze the Solana Elliott Wave structure as of August 31, 2026, noting the $110.15 resistance level as the key hurdle for the current uptrend. Video by More Crypto Online.
Solana (SOL) is trading at approximately $102.01, reflecting a 3.04% decline over the past 24 hours. Despite this near-term technical pullback, SOL is maintaining a relatively strong market posture, holding its ground above the critical psychological support level of $100.
"New to trading? Try out iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!"
Learn more >>
Insights Today
1. Institutional Inflows: BSOL Crosses $1 Billion Milestone - Demand from Wall Street continues to act as a significant price anchor. Bitwise’s staking-focused Solana ETF product (BSOL) officially surpassed $1 billion in Assets Under Management (AUM) following $138 million in net inflows over a 10-day period. This aggressive institutional onboarding is providing structurally strong macro support, counteracting retail profit-taking.
2. Network Scarcity Boost: SGP-0002 Passes - Solana governance participants have officially approved the SGP-0002 proposal. This milestone upgrade doubles the annual token disinflation rate from 15% to 30%. While the long-term terminal inflation target remains fixed at 1.5%, the timeline to reach it is effectively cut in half (from 5.7 years to 2.8 years), eliminating roughly 18.9 million projected SOL from entering circulation over the next six years and introducing long-term scarcity.
3. First-Ever Speed Upgrade Deployed on Mainnet - On the technical side, the mainnet activation of the SIMD-0525 roadmap has successfully reduced target slot times from 400ms down to 350ms. Real-world monitoring indicates average mainnet slot durations are hovering around 360ms, markedly speeding up leadership windows, shortening transaction confirmation wait times, and expanding dApp responsiveness.
4. The Charles Schwab Catalyst - Compounding the macro optimism, banking giant Charles Schwab signaled intent to expand its crypto trading ecosystem by integrating Solana, Avalanche, and Chainlink into its digital asset portfolio. Analysts note this potential listing represents a massive retail liquidity on-ramp that will firmly expand Solana's addressable investor base.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
