Web3 Daily News
Inflation Debate Heats Up as SOL Loses Key Support

Solana has fallen below the $134 realized price for the first time since 2022, dropping 8% to $124. This collapse of the cost basis signals potential capitulation, as the average position has turned negative.
The technical structure confirms a downward channel, with resistance at $130-$134 and support at $120-$115.

This aligns with the timing and validator discussions on proposal SIMD-0228, which aims to reduce the network inflation rate from 4.7% to 1.5%.

Keep an eye on the $128 level for volume, as it may provide early signs of accumulation and potential reversal.