- Solana activated the Transaction V1 upgrade, increasing transaction capacity and supporting more complex network functions.
- SOL remains under selling pressure, with $99.4 support and $102.75 resistance key to its next move.
Solana has activated the Transaction V1 upgrade on its mainnet, increasing the maximum transaction size from 1,232 to 4,096 bytes. The change gives developers more room to build complex transaction types and could support future privacy features on the network.
Despite the protocol upgrade, SOL remains under pressure. The price is trading below its short- and medium-term moving averages, while technical indicators continue to show strong selling pressure.
Solana Transaction V1 Upgrade Raises Transaction Capacity
The Transaction V1 upgrade expands Solana’s transaction capacity by more than three times. The maximum transaction size has increased from 1,232 bytes to 4,096 bytes.
The larger format can support more complex transactions and future privacy-related functions. Infrastructure providers will also need to update their systems to handle the new transaction format.
The upgrade could give developers more flexibility when building applications on Solana. However, the network improvement has not yet translated into stronger SOL price action.
SOL Faces Resistance Near $102.75
SOL is trading below the MA-20 at $102.26 and the MA-50 at $101.35 on the hourly chart. The longer-term picture is less weak, with SOL still above the MA-200 at $83.22 on the daily chart.
The Ichimoku Kijun at $102.75 is now an important resistance level. SOL needs to move back above this area to show signs of a stronger recovery.
Momentum indicators remain mixed. The RSI is at 40.1 and signals a sell, while MACD and ADX remain neutral. Stoch RSI, CCI and Bull/Bear Power point to oversold conditions and continued selling pressure.
$99.4 Becomes a Key Level for Solana
SOL is expected to trade within a $99.4 to $102.88 range over the next two to three sessions. A move above $102.75 could strengthen the recovery and expose higher resistance levels.
However, a break below $99.4 could increase downside pressure. Current technical projections give a 74% probability of further downward movement compared with a 26% chance of an upward break.
The network upgrade strengthens Solana’s technical capabilities, but SOL still needs to overcome nearby resistance before the market can confirm a meaningful recovery. For now, $99.4 and $102.75 remain the key levels to watch.
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