- Alpenglow upgrade could reduce Solana’s transaction finality from 12.8 seconds to just 150 milliseconds.
- SOL price trades at $199, up 27% this month, with a potential breakout targeting $257 (+30%).
- WLFI’s USD1 stablecoin launch on Solana boosts liquidity and DeFi adoption.
- DeFi ecosystem surges, with TVL hitting a record $30.5B and stablecoin market cap rising 8.3%.
- Technical indicators (Supertrend, MACD) flash bullish signals despite bearish triangle pattern.
Solana Alpenglow Upgrade: A Game-Changer
Solana (SOL) looks poised for a strong upside rally as the network approaches its much-anticipated Alpenglow upgrade. The proposal has already secured over 99.6% validator support, with just two days left in the voting window, making approval almost certain.
The upgrade is being hailed as Solana’s biggest protocol transformation to date. By slashing transaction finality times from 12.8 seconds to 150 milliseconds, Alpenglow could make Solana the fastest layer-1 blockchain, surpassing both Sui and even the average speed of a Google search.
Price Action: Bulls Eyeing a 30% Rally
As of press time, SOL trades at $199, representing a 27% recovery from this month’s low and standing 88% above its yearly bottom.
Also Read: Solana Price Forecast: SOL Stabilizes as Alpenglow Proposal Nears Approval
On the daily chart, SOL has been stuck in a descending triangle pattern for six weeks—a typically bearish setup. However, technicals are flashing green:
- The Supertrend indicator has shifted below price, issuing a buy signal.
- The MACD line crossed above the signal line, pointing to bullish momentum.
If SOL confirms a breakout above $203.49, analysts predict a rally toward $257, implying a 30% upside.
Catalysts Fueling Solana’s Momentum
- WLFI’s USD1 Stablecoin Launch
- Backed by the Trump family, World Liberty Financial (WLFI) launched its USD1 stablecoin on Solana today.
- This integration could boost liquidity for DeFi protocols, providing long-term price support for SOL.
- Record Perpetual Trading Volume
- Solana’s perpetuals volume hit a monthly record of $43.88B in August, reflecting strong institutional and retail demand.
- DeFi Ecosystem Growth
- TVL surged to $30.5B (Aug. 29), up from $23.9B earlier in the month.
- Stablecoin market cap rose 8.3% in a week to $12.8B, highlighting growing liquidity and adoption.
What’s Next for SOL?
If the Alpenglow upgrade rolls out smoothly, Solana could see a major revaluation as the fastest blockchain in the world. Combined with expanding DeFi adoption, new stablecoin integrations, and rising trading volumes, SOL’s momentum appears well-supported.
However, traders should watch the $203.49 resistance level closely. A failure to break above could keep SOL locked in its bearish triangle.