Solana (SOL) Price: SOL Jumps 27% as Validators Vote to Reduce Supply – What’s Next?

TLDR

• Solana is trading above $94, up 27% last week and at its highest level in two months.
• SOL-focused ETFs recorded four straight days of inflows totaling $28.34M.
• Validators are voting on three proposals (SGP 1, 2, 3) through Thursday.
• Two proposals could reduce SOL supply by speeding up disinflation and increasing daily fee burns.
• SOL needs a daily close above $100 to target the next resistance at $112.52.

Solana is trading above $94 on Monday, up around 1% in the last 24 hours and 27% over the past week. That puts SOL at its highest price in two months.

The rally has pushed the token above both its 50-day EMA at $79.04 and its 200-day EMA at $92.67. Both levels now act as support.

Immediate resistance sits at the May 11 high of $98.41, followed by the round-number level of $100. A daily close above $100 would open the path toward $112.52.

$SOL hitting somewhere around $600 to $800 this cycle doesn’t sound impossible to me at all.

- David Gokhshtein (@davidgokhshtein) August 23, 2026

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