Solana Price Retreat Fails to Deter Analysts: $150 Target Still on the Horizon
Solana's price has retreated to around $121 after hitting resistance at $120, but analysts remain bullish on its prospects. The recent pullback comes despite a cooler-than-expected U.S. inflation report.
The Alpenglow upgrade is now live on testnet and devnet, with early results showing it may perform even better than its target of cutting transaction settlement times to under 100 milliseconds.
Meanwhile, Solana's application layer has seen steady growth, with monthly app revenue reaching $180 million in September, a new high. This growth is reflected in the network's overall activity, with total value locked climbing above $6.5 billion and daily dApp revenue reaching close to $8 million.
U.S. spot Solana ETFs pulled in $271 million in September, the largest monthly inflow in 10 months, according to analyst Ash Crypto.