Solana Bounces Back to $106.50 Ahead of Major Upgrade

Solana's price has bounced back to around $106.50 after gaining 3.1% in the past 24 hours.

This recovery brings Solana close to its recent resistance area near $110, following a bounce from lows recorded in August between $75 and $80.

The upcoming Transaction V1 upgrade on September 9 is likely driving investor interest, as it increases the maximum transaction size from 1,232 to 4,096 bytes, allowing for more complex transactions like zero-knowledge proofs and larger multisignature transactions within a single transaction.