🚀 Solana prepares for the Alpenglow upgrade while defending key support levels:
🔸Solana is in the cryptocurrency market spotlight due to the imminent arrival of its highly anticipated consensus upgrade, Alpenglow, scheduled for October 21. This major technical upgrade promises to eliminate the Proof of History mechanism in favor of optimized block finality in just 150 milliseconds and off-chain voting.
🔸Network Performance: Despite price volatility, the Solana network continues to demonstrate strong institutional resilience. Recently, the infrastructure successfully completed the transition of its slot intervals to 200 milliseconds under proposal SIMD-0525, solidifying its operational dominance. Additionally, the ecosystem led decentralized exchange (DEX) trading volumes, with more than $2,230 million in 24 hours.
🔹 Price action and technical levels: The token $SOL is currently trading in the $103–$104 USD range, experiencing slight short-term selling pressure. Technical analysts at Binance point to critical and immediate support in the $100–$101 USD zone, a key psychological level that buyers are trying to defend to invalidate the bearish structure and aim for a rebound toward resistance levels at $107 and $112 USD.
🔹The market remains divided over whether outflows from U.S. spot ETFs will outweigh the positive fundamental impact of the upcoming network upgrade. $BTC $XRP
🔸Solana is in the cryptocurrency market spotlight due to the imminent arrival of its highly anticipated consensus upgrade, Alpenglow, scheduled for October 21. This major technical upgrade promises to eliminate the Proof of History mechanism in favor of optimized block finality in just 150 milliseconds and off-chain voting.
🔸Network Performance: Despite price volatility, the Solana network continues to demonstrate strong institutional resilience. Recently, the infrastructure successfully completed the transition of its slot intervals to 200 milliseconds under proposal SIMD-0525, solidifying its operational dominance. Additionally, the ecosystem led decentralized exchange (DEX) trading volumes, with more than $2,230 million in 24 hours.
🔹 Price action and technical levels: The token $SOL is currently trading in the $103–$104 USD range, experiencing slight short-term selling pressure. Technical analysts at Binance point to critical and immediate support in the $100–$101 USD zone, a key psychological level that buyers are trying to defend to invalidate the bearish structure and aim for a rebound toward resistance levels at $107 and $112 USD.
🔹The market remains divided over whether outflows from U.S. spot ETFs will outweigh the positive fundamental impact of the upcoming network upgrade. $BTC $XRP