Solana Bulls Eye $95.81 as Governance Clarity Fuels Price Gains

Solana's price has been on an upward trend, trading at $93.92, up 3.46% on the day.

Its price is above its key moving averages, indicating a firm stance in both short- and long-term technical setups.

Solana recently reduced blockchain slot times to 350 milliseconds, increasing throughput and lowering transaction latency for users and developers.

The Solana Company has also announced its positions on key governance proposals, supporting the Solana Constitution SGP-0001 while opposing economic changes SGP-0002 and SGP-0003, with voting due to begin August 22.

These developments have clarified the direction of both Solana's technical and governance reforms, supporting growing confidence in its ecosystem.