Price of Solana (SOL) shows resilience trading around $210 amidst increasing trading volumes and key network updates.
Trading Volume and Price Compression
Amidst price stability, there is an increase in trading activity. Solana's 24-hour trading volume has surpassed $9.2 billion, indicating growing interest from market participants. Popular analyst Altcoin Sherpa commented: *'This Solana compression is huge. Tons of volume being transacted within this range and I think that we’re going to break up soon.'*
EMA Support and Key Resistance Levels
Currently, Solana is trading above all major exponential moving averages (EMAs) on the 4-hour chart. The 200 EMA sits at $200, while the 100 EMA is at $197.57, both acting as dynamic support. Shorter EMAs, including 20 and 55, have converged around $201–$202, aligning with the consolidation range.
Alpenglow Network Upgrade to Boost Ecosystem
Beyond price action, Solana has advanced its network development with the approval of the **Alpenglow upgrade**, described as the most extensive rewrite in its history. This upgrade aims to slash transaction finality times from 12.8 seconds to just 100–150 milliseconds, marking a significant leap in performance. Validators across the network are preparing for implementation, with developers highlighting improvements in transaction reliability, scalability, and overall ecosystem efficiency.
With trading volume climbing, price compressing near critical levels, and a transformative network upgrade underway, Solana's outlook remains strong. Analysts believe a breakout above $213 could trigger a new rally toward $220, supported by both technical strength and fundamental developments.
