Solana Price Surges Amid Planned Network Upgrades

Solana's price has risen by 0.69% to $76.84 over the last day, outperforming the rest of the market.

The planned network upgrade is a key catalyst for this increase, as it aims to reduce block time from 400ms to 350ms and implement a proposal that could burn more SOL each day.

Analyst Ali Charts has identified a parallel channel on the Solana daily chart, with the middle of the range near $78. If the price breaks above $78-$78.70, it could signal a bullish trend towards $100.

The Tom DeMark Sequential and MACD indicators have also flashed buy signals, further supporting the potential for a price increase.