Is $SOL worth buying now? The short answer: the upgrade is real, but the price isn't buying it—chasing now is like catching a falling knife. Wait it out.
What the bulls are saying:
1️⃣ Alpenglow mainnet launches on October 21: transaction finality drops from 12.8 seconds to 150 milliseconds, an improvement of more than 80x—Solana officially calls it “the biggest consensus upgrade in its history.”
2️⃣ Validator voting moves off-chain, with a fixed fee of 0.8 SOL per epoch instead of per-vote charges—lower validator costs, speeds approaching CEXs, and an end to retail traders’ “Schrödinger’s trades.”
3️⃣ This is a genuine underlying upgrade, not a token launch and hype campaign. The long-term fundamentals really have gotten stronger.
What the bears are saying:
1️⃣ The price isn't buying it: it slid from $122 to around $106, breaking the ascending trendline—the price didn't even rise on launch day, so the good news has turned into a sell-the-news event.
2️⃣ Long liquidations are clustered between $112 and $102. Leverage hasn't been fully flushed out, and there are underwater holders all the way above $110.
3️⃣ In the short term, $101 is the key level: holding it could offer a chance to stabilize; breaking below $101 could spread selling pressure. Don't rush to buy the dip—the past year still has $SOL down 43%.
My take:
An upgrade is an upgrade; price is price. $SOL is now at $106, stuck in the $101–$110 range. $110 is resistance that was already there before the upgrade, while $100 is a psychological round-number level. My approach: don't chase. Wait for $100–$102 to stabilize (with declining volume as the price stops falling), then scale in—or chase the trend only after it breaks above $110 on strong volume. The worst move is thinking “this upgrade is so great, the price has to go up” and buying at $106—the market already proved yesterday that a positive launch doesn't mean the price will rise. Risk warning: $BTC is still below 84,000, and if the broader market remains unstable, $SOL will struggle to move independently.
What the bulls are saying:
1️⃣ Alpenglow mainnet launches on October 21: transaction finality drops from 12.8 seconds to 150 milliseconds, an improvement of more than 80x—Solana officially calls it “the biggest consensus upgrade in its history.”
2️⃣ Validator voting moves off-chain, with a fixed fee of 0.8 SOL per epoch instead of per-vote charges—lower validator costs, speeds approaching CEXs, and an end to retail traders’ “Schrödinger’s trades.”
3️⃣ This is a genuine underlying upgrade, not a token launch and hype campaign. The long-term fundamentals really have gotten stronger.
What the bears are saying:
1️⃣ The price isn't buying it: it slid from $122 to around $106, breaking the ascending trendline—the price didn't even rise on launch day, so the good news has turned into a sell-the-news event.
2️⃣ Long liquidations are clustered between $112 and $102. Leverage hasn't been fully flushed out, and there are underwater holders all the way above $110.
3️⃣ In the short term, $101 is the key level: holding it could offer a chance to stabilize; breaking below $101 could spread selling pressure. Don't rush to buy the dip—the past year still has $SOL down 43%.
My take:
An upgrade is an upgrade; price is price. $SOL is now at $106, stuck in the $101–$110 range. $110 is resistance that was already there before the upgrade, while $100 is a psychological round-number level. My approach: don't chase. Wait for $100–$102 to stabilize (with declining volume as the price stops falling), then scale in—or chase the trend only after it breaks above $110 on strong volume. The worst move is thinking “this upgrade is so great, the price has to go up” and buying at $106—the market already proved yesterday that a positive launch doesn't mean the price will rise. Risk warning: $BTC is still below 84,000, and if the broader market remains unstable, $SOL will struggle to move independently.