$SOL SOL Tonight it surged then fell back, but the real show is on-chain
Last night, SOL touched $117.23, setting the highest level since 2026. During the session, its rally reached as high as 7.37%, and the shorts were liquidated for more than $18 million. But tonight, the price has clearly met resistance in the $118–$120 range and has pulled back to trade in a choppy band around $117–$119. It’s been 8 months since SOL last tested $120—so disagreement at this level is completely normal.
However, what’s truly exciting tonight isn’t the candlestick chart—it’s that the Alpenglow upgrade has officially entered the public testnet. Finality time has been reduced from roughly 13 seconds to 0.15 seconds, or 150 milliseconds. What does that mean? Solana’s confirmation speed will move closer to the settlement experience of traditional financial systems, which is a qualitative leap for high-frequency trading and payments. The mainnet Agave v4.3 is currently tentatively scheduled to go live on September 28, and the timeline is faster than expected.
Institutions aren’t idle either. Forward Industries, a Solana custody company that’s listed on Nasdaq, announced a $25 million funding round tonight, explicitly to continue accumulating SOL. The SOL spot ETF saw a net inflow of $28.86 million yesterday in a single day, and Bitwise’s fund has already pulled in $1.13 billion cumulatively. This kind of sustained institutional buying is totally different from last year’s meme-driven market.
My view: In the short term, $120 is a tough hurdle, but support around $110–$112 looks fairly solid as well. If Alpenglow can successfully launch on the mainnet, improvements in fundamentals should gradually be reflected in the price. The above is only my personal observation and does not constitute any advice. $BTC $ETH #AI股持续上涨还有哪些投资机会
Last night, SOL touched $117.23, setting the highest level since 2026. During the session, its rally reached as high as 7.37%, and the shorts were liquidated for more than $18 million. But tonight, the price has clearly met resistance in the $118–$120 range and has pulled back to trade in a choppy band around $117–$119. It’s been 8 months since SOL last tested $120—so disagreement at this level is completely normal.
However, what’s truly exciting tonight isn’t the candlestick chart—it’s that the Alpenglow upgrade has officially entered the public testnet. Finality time has been reduced from roughly 13 seconds to 0.15 seconds, or 150 milliseconds. What does that mean? Solana’s confirmation speed will move closer to the settlement experience of traditional financial systems, which is a qualitative leap for high-frequency trading and payments. The mainnet Agave v4.3 is currently tentatively scheduled to go live on September 28, and the timeline is faster than expected.
Institutions aren’t idle either. Forward Industries, a Solana custody company that’s listed on Nasdaq, announced a $25 million funding round tonight, explicitly to continue accumulating SOL. The SOL spot ETF saw a net inflow of $28.86 million yesterday in a single day, and Bitwise’s fund has already pulled in $1.13 billion cumulatively. This kind of sustained institutional buying is totally different from last year’s meme-driven market.
My view: In the short term, $120 is a tough hurdle, but support around $110–$112 looks fairly solid as well. If Alpenglow can successfully launch on the mainnet, improvements in fundamentals should gradually be reflected in the price. The above is only my personal observation and does not constitute any advice. $BTC $ETH #AI股持续上涨还有哪些投资机会