Solana DeFi fees are exploding — PumpSwap up 111%, Orca up 84% in 24 hours — but SOL spot ETF outflows and a bearish daily MACD are pulling in the opposite direction. Today's episode breaks down the on-chain signals, the $65–$76 price range that matters most, and the Alpenglow upgrade's institutional implications.
Audio is available on Spreaker — see link below.
PumpSwap just posted a hundred and eleven percent single-day fee increase. Orca DEX is up eighty-four percent in twenty-four hours.
Here's what matters technically. The hourly and fifteen-minute charts are aligned bullishly.
The DeFi fee spikes aren't random. Part of what's driving sustained trading volume on Solana is structural.
The tension in today's picture comes from the institutional side. SOL spot ETFs recorded three point eight million dollars in outflows last week.
On the downside, the floor worth watching is sixty-five to seventy-one dollars. Around sixty million SOL tokens changed hands in that price band.
One development worth tracking further out is the Alpenglow consensus upgrade, currently targeting Q3 twenty twenty-six. It would reduce block finality from roughly twelve seconds to one hundred and fifty milliseconds.
The real test over the next forty-eight hours is simple to state. Can SOL close above seventy-six dollars on the daily?
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