Inflation Debate Heats Up as SOL Loses Key Support
Solana has broken below the $134 realized price for the first time since 2022, falling 8% to $124. This collapse of the cost basis signals potential capitulation, as the average position turns negative.
The technical structure confirms a downward channel, with resistance at $130-$134 and support at $120-$115.
The timing coincides with validators' review of proposal SIMD-0228, which aims to reduce the network inflation rate from 4.7% to 1.5%.
Watch for volume around the $128 level to spot early signs of accumulation and potential reversal.