Solana Price Rises on ETF Optimism, Alpenglow Upgrade
Solana price prediction centers on rising ETF optimism and the Alpenglow upgrade. SOL trades around $207 with daily volume near $6 billion. The recent Alpenglow upgrade, approved by 98% of validators, cuts finality to 150 ms and boosts network scalability. Support holds at $200, and resistance lies between $215 and $220. A breakout above this zone could drive SOL toward $236–$252 or $260. Despite an SEC delay on ETF decisions to mid-October, sustained ETF optimism supports a bullish Solana price prediction. Downside risks include a drop below $200, targeting $190–$180 if sentiment falters or upgrade results disappoint. Traders should watch volume and regulatory updates for short-term volatility.
Bullish
News of Solana’s Alpenglow upgrade and sustained ETF optimism is likely bullish. Historically, network upgrades like Ethereum’s Shanghai upgrade triggered rallies as scalability and finality improvements attract user activity and capital inflows. The expected reduction in block finality to 150 ms enhances Solana’s competitiveness, supporting adoption and liquidity. Meanwhile, ETF optimism, despite an SEC delay, continues to underpin institutional interest, similar to Bitcoin ETF anticipation boosting BTC prices in 2021. Short-term, traders may experience volatility around the $215–$220 resistance. A confirmed breakout could prompt rapid upside to $236–$260. Conversely, failure to maintain support at $200 could spark a correction to $190–$180. Overall, the combination of technical upgrade and ETF narrative skews market sentiment positively, suggesting a bullish outlook for SOL in both short and long term.