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$98 SOL, are you chasing it? First, look at the surface: violent surge, retail FOMO rushing in. A week ago it was still at 70, now it’s touching 100, a rise of over 40%. Daily RSI generally between 85-88, insanely overbought. 24-hour trading volume is $4-7 billion, volume clearly expanding. The candlestick tells you: weekly break through the 81-90 resistance zone, bullish structure confirmed. Strong trend established, but short-term is hot to the touch. First thing: ETF money is flowing in real cash, not just talk. US stock SOL spot ETF cumulative net inflow has broken the $1.2 billion record, with a single-day high exceeding $33 million. Bitwise BSOL has the largest share, trading volume hitting new highs. SOL is replicating the BTC and ETH ETF playbook. Institutional buying is solid bottom support, not comparable to retail FOMO. Same story: BTC from 40k to 70k, ETH from 2k to 4k, now it’s SOL’s turn. Second thing: double deflation vote, this is the real trump card. Validators are voting on SGP-0002 and SGP-0003, deadline August 27, 15:30 UTC. SGP-0002: About 18.9 million fewer SOL issued over the next 6 years, equivalent to double deflation. SGP-0003: Daily burn volume surges from about 650 SOL to 7,500-9,000 SOL, increasing more than tenfold. Supply reduction + burn surge = supply-demand reversal. If the vote passes, SOL’s scarcity will step up directly. Third thing: a technical signal that must be taken seriously has appeared. Weekly clean break through the 81-90 resistance zone, volume cooperating, bullish structure confirmed. But daily RSI 85-88, a classic "strong trend + overheating" combo. At the 100 level, SOL is repeatedly testing. Will it break through directly to 110-115, or pull back to 94-96 or even 90 to gather strength? Bull vs. bear, you decide. On one side: Spot ETF cumulative inflow breaks $1.2 billion, institutional real cash High probability of double deflation vote passing, supply shock narrative brewing Weekly breakout + volume cooperation, bullish structure established Network performance continuously optimized (slot time 350ms → target 200ms), RWA breaks $4 billion On the other side: Daily RSI 85-88, extremely overbought 100 psychological level repeatedly tested, profit-taking pressure high Jackson Hole speech may be hawkish, macro uncertainties If vote unexpectedly fails, sentiment reversal could be fierce Resistance above: 100-103.5 → 105-110 → 115+ (Fib extension) Support below: 94-96 → 90 → 78-80 (previous resistance turned support) Trading strategy Short-term players: Wait for pullback to 94-96 to stabilize and go long, stop loss at 90, targets 103.5 → 110. If volume expands and holds above 103.5, chase longs, stop loss below 100, target 110-115. Conservative players: Patiently wait for a pullback to the 90 area, see volume stabilize before building positions in batches. This is the best risk-reward entry. Stop loss below 88, same targets as above. Bearish players: Only short lightly near 102-105 if obvious stagnation appears (long upper shadow + volume contraction), stop loss above 105, target 98-96. Mid-to-long term core logic: If the August 27 vote passes + ETF inflows continue, SOL’s mid-term target looks at previous highs or even higher. Reassess if it breaks below 80. Spot holders, set trailing take profits, don’t get shaken out. SOL now is like when it broke 80 at the end of 2023— 99% of people thought "it’s risen too much and will correct," but after a 15% pullback it surged all the way to 200+. On the day it breaks 103.5, you’ll realize: It’s not that SOL is weak, it’s that you hesitate at the lowest points and FOMO at the highest. Tell me in the comments: what’s your SOL cost basis? At $98, do you dare to chase? $BTC $ETH $SOL