Solana Sees Price Gain Amid Alpenglow Upgrade and ETF Inflows
Solana's price has gained 1.22% over the past day, trading at $116.29. The asset is currently above its key moving averages.
The Alpenglow consensus upgrade on testnet aims to improve transaction finality to 150 milliseconds and boost network fault tolerance to 40%. This technical advancement enhances Solana's competitiveness and reliability, attracting attention from developers and institutional actors seeking robust blockchain performance.
U.S. spot Solana ETFs have recorded twelve consecutive weeks of inflows, accumulating $1.42 billion in assets as of September 17. This supports sustained liquidity and reinforces demand for the asset.
The short-term forecast expects SOL to trade within a range of $113.47 to $125.66 over the next 2-3 days, with an up-move probability of 76%. A breakout above $125.66 could signal further bullish expansion, while a decline below $113.47 could open the way for additional downside.