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Crypto

Solana Network Upgrade Fails to Boost Price Amid Ongoing Bearish Pressure

Guavy AI Editorial Team
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SOL
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Solana's Transaction V1 format went live on September 15, significantly increasing the network's maximum transaction size from 1,232 bytes to 4,096 bytes.

This upgrade enables developers to build more complex and data-intensive applications, including those using zero-knowledge proofs and advanced decentralized-finance operations.

Despite the technical improvement, Solana's price remains under short-term selling pressure. Several indicators suggest a possible retest of support at $94.16.

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