The SOL token, native to the Solana blockchain, has shown significant growth, reaching a price of $213. This article discusses current market analysis and expected changes in the network.
Price and Trading Volumes
In the last 24 hours, the price of SOL rose by 4.21% to $213.40. Trading volumes also surged, increasing by 46.4% to $13.6 billion. Over the past week, SOL has grown by more than 15%, outperforming most major altcoins.
Vote on Alpenglow Upgrade
Currently, a vote is underway in the Solana network regarding the Alpenglow upgrade, aimed at achieving 150ms block finality. This update could enhance processes and improve network performance.
Outlook for SOL
With the recent growth and steady trading volumes, traders are eyeing resistance levels at $218 and $251. The struggle for these levels could determine the future direction of the market.
The overall growth trajectory of SOL reflects positive market sentiment. Network upgrades and technical levels also play a crucial role in shaping future prospects for investors.
