Solana's price is on the verge of a potential rally, aided by technical upgrades and increased institutional interest. The key point lies in the support at $178–$180.
Key Support Zone for Solana's Growth
Solana is anticipated to demonstrate a 40% price rally, relying on the critical support zone of $178–$180. Sustained institutional interest and rising DeFi TVL highlight the importance of this price point.
Technical Improvements and Their Impact on Solana
The recent Alpenglow upgrade, enhancing Solana's transaction speeds, marks a significant advancement for the platform. It achieves sub-150ms transaction finality, which opens new opportunities for developers and improves overall market confidence.
Institutional Investments and Their Influence on DeFi
Solana’s financial stability is supported by institutional investments, as major firms increase their allocations. Notably, firms like BlackRock contribute to Solana's $9.3B DeFi TVL, indicating substantial market influence.
The existing interest from institutional investors and technical improvements offer optimistic prospects for Solana. Future progress will depend on the ability to maintain key support in the $178–$180 range.
