Solana trades near $84.40 resistance as three SIMD proposals target issuance cuts and higher fee burns
SOL is trading near the $84.40 resistance level, with traders watching for a daily close above it to confirm a breakout. Separately, three Solana Improvement Documents—SIMD-550, SIMD-123 and SIMD-553—are under discussion, targeting faster progress toward a 1.5% inflation rate, custodial staking pools for institutions and ETFs, and transaction fees priced by compute and fully burned. Based on the figures provided, Solana issues about 60,000 SOL per day while burning about 650 SOL, and the proposals could lift daily burns to 7,500–9,000 SOL, narrowing net supply growth.