Solana Aims for $300 as Alpenglow Upgrade Boosts Institutional Confidence

Solana (SOL) has rebounded after testing a support level at $195, with traders focusing on the resistance zone of $205–$215. A break above this could lead to an increase toward $225 and beyond.

Key points include:

Technical signals align with increased buying from whales and “shark” wallets, indicating medium-term confidence.
The price remains above the critical range of $183–$190, forming a base for potential growth.
Futures trading volumes are over $50 billion, reflecting renewed investor interest.
If momentum persists, Solana may rise towards $250 before approaching the psychological $300 mark.

Alpenglow Upgrade Enhances Institutional Confidence

The Alpenglow upgrade significantly improves Solana's network performance:

Block finality reduced to 100–150 milliseconds.
Throughput exceeds 107,000 transactions per second, surpassing Ethereum and Visa.
Innovations like Votor and Rotor enhance speed and reliability.
Validator costs decreased from $60,000 to $1,000 annually, promoting decentralization.
The 20+20 resilience model ensures operations continue despite validator failures.
99.6% validator approval enhances Solana's reputation as a robust blockchain.

Solana SOL SOLUSD

Institutional flows continue to support bullish sentiment:

Galaxy Digital transferred $103 million worth of SOL to Coinbase, hinting at strategy shifts.
Hedge funds, including Pantera Capital, plan new allocations into Solana’s ecosystem.
“Shark” wallets accumulate at support levels, showing strong long-term conviction.

Analysts note that failing to breach the $215 resistance could lead to a retest of the $190 level. However, sustained movement above $215 could facilitate increases toward $250, $295, and $300. A drop below $195 risks deeper retracements near $188 or lower.