The price of Solana remains stable at $208 as confidence is fueled by the Alpenglow update.
After a 3% advance in the previous session, the price of Solana is consolidating around $208 today, hovering just below the $215 barrier zone. The effect of the Alpenglow upgrade and if fresh inflows can maintain momentum for a breakout are factors that traders are considering.
The price of solana is currently trading at $208, holding below resistance between $215 and 220.
After August’s uneven flows, net inflows of $23 million indicate improving accumulation.
The Alpenglow improvement increased the likelihood of institutional adoption by cutting finality to 150 ms.
Solana is still trading within the upward channel that was created in April; higher highs and higher lows support the positive trend. Deeper cushions are still at $186 and $176, but support is anchored at $197–198, where the 20-day EMA and channel midline intersect.
The supply zone that limited rallies through August, $215–220, has had multiple stalls in upward advance. The route to the top channel limit, which is between $235 and 240, would become accessible with a clear closure over $220. The balanced momentum shown by the RSI at 57 indicates room for growth once a catalyst materializes. On-chain flows show that sentiment is getting better. After a mixed August, net inflows of $23 million on September 3 signaled a change. Local rallies have often been preceded by clusters of positive inflows, indicating new accumulation. A return to outflows would strengthen resistance above $220, but sustained inflows exceeding $20–30 million might supply the fuel required to clear $215.
Alpenglow upgrade redefines fundamentals
Approved by validators with 98% support, the Alpenglow upgrade is being characterized as a network transformation. With the advent of Votor, Solana became one of the quickest settlement layers accessible, cutting transaction finality from 12.8 seconds to just 100–150 milliseconds.
There has also been a restructuring of the economic model. Leaders now receive incentives for processing fast-finalization certificates, and vote fees have been replaced with a constant 1.6 SOL cost per epoch. This lowers the need for bandwidth and gives validators a more stable cost base. It is anticipated that the upgrade will spur additional adoption across payments and high-frequency applications, with $1.7 billion in institutional holdings already pledged.
Outlook: Key resistance at $220
Solana’s prospects for the near future hinge on its capacity to surpass $220. The price might hit $250 by the end of the year if inflows stay consistent, and a closure over that ceiling would confirm a continuation toward $235–240. A retest of the demand zone that has frequently cushioned pullbacks, $186–176, is possible if resistance is not overcome.
Prior research emphasized Solana’s durability above $195 and, assuming flows improved, anticipated objectives at $210 and $225. That structure is still in place. A consistent breakout over $220 is still necessary for confirmation, even though the upgrade offers a fundamental tailwind.
Disclaimer and Risk Warning
coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.