Solana Price Prediction August 2026: Can $19M From Morgan Stanley and 330,000 Korean Merchants Break SOL’s Triangle?
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Morgan Stanley’s MSOL ETF pulled $19.06M on its second trading day—the biggest SOL ETF inflow since mid‑May—while the Solana Foundation signed an MOU with KSNET to bring Solana Pay to 330,000 Korean merchants processing about $4B monthly, signaling institutional funding and adoption. SOL trades at $73.59 (July 31), compressed at a triangle apex between May’s peak (~$98) and June low ($60.29) with the 0.382 Fibonacci as the last technical floor, so these new catalysts could trigger a breakout even as August seasonality remains mixed (median flat, average +61.1% skewed by 2020–21 outliers).
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- MSOL pulled $19.06M on its second trading day, the biggest SOL ETF inflow day since mid-May
- KSNET signed an MOU with the Solana Foundation to bring Solana Pay to 330,000 Korean merchants processing $4B monthly
- August median is flat for SOL but the average is +61.1%, entirely distorted by 2020 and 2021 outlier years
Solana trades at $73.59 on July 31, down 1.14%, sitting at the triangle apex between the descending trendline from May’s peak and the ascending trendline from the June low as August opens with two institutional catalysts that did not exist a week ago.
SOL Is At The Triangle Apex With The 0.382 Fibonacci As The Last Floor
The daily chart shows SOL compressing inside a triangle that formed between May’s peak near $98 and the June low at $60.29. Both trendlines converge at current price near $73 to $74, and a …
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