Solana Price Set to Rally on Alpenglow Upgrade, Eyes $250
Solana price is trading just below $200 within an ascending channel bounded by support at $180 and resistance at $215. The upcoming Alpenglow upgrade, set to accelerate block times and boost throughput, has driven bullish sentiment. If Solana price breaks above $215, analysts expect a move to $250 by October, supported by rising TVL, whale accumulation and DeFi activity. A sustained uptrend could extend targets toward $300–$350. Conversely, a drop below $180 would invalidate the bullish outlook and open a retracement to $165–$170, especially if Bitcoin or Ethereum weaken or if upgrade adoption disappoints. In the short term, volatility around the Alpenglow upgrade will be high, with direction hinging on technical improvements and broader market trends. Overall, the Solana price outlook is cautiously bullish.
Bullish
The news is bullish for Solana price because the Alpenglow upgrade addresses network performance issues by reducing block times and increasing throughput. Historically, protocol upgrades that improve scalability and developer adoption—such as Ethereum’s Shanghai upgrade—have triggered positive market reactions and price rallies. The current technical setup, with SOL hovering in an ascending channel, sets clear levels: a breakout above $215 could propel SOL to $250 and possibly $300+, while strong whale accumulation and rising TVL validate the bullish case. Although a failure below $180 poses a retracement risk, the combination of on-chain improvements and positive sentiment suggests market participants will buy the dip. In the short term, traders can expect heightened volatility around the upgrade, but long-term momentum is likely to remain upward if network benchmarks are met and broader crypto markets stay stable.