SOL • Monday, October 5: With the opening of traditional financial markets and an influx of capital into US spot ETFs on Solana, volatility is expected to increase. The asset will attempt to test the nearest strong resistance at $122.10. If there is a local market correction, the price may drop to support around $115.00.
Key drivers for Solana in October
1. Technical upgrade: The main event of the month is the scheduled network transition to the new Alpenglow consensus mechanism, which should significantly increase transaction speed.
2. Institutional inflows: Funds have accumulated nearly $2 billion in SOL ETFs thanks to 11 consecutive weeks of continuous investment inflows. This provides a reliable long-term support for the price
Key drivers for Solana in October
1. Technical upgrade: The main event of the month is the scheduled network transition to the new Alpenglow consensus mechanism, which should significantly increase transaction speed.
2. Institutional inflows: Funds have accumulated nearly $2 billion in SOL ETFs thanks to 11 consecutive weeks of continuous investment inflows. This provides a reliable long-term support for the price