Solana Holds Strong Above $200 — Could the Alpenglow Upgrade Spark the Next Big SOL Rally?

Jakarta, Pintu News – Although the crypto market opened on a downward trend in September, Solana (SOL) still managed to stay above the $200 mark. This resilience comes after reports that the Alpenglow update, which is scheduled to launch at the end of 2025, is likely to receive approval soon.

As of September 1, the SOL price stood at $201, although it almost dropped below that threshold. In this analysis, the CCN website reveals the reasons why the Solana price has the potential to go higher before the end of this year.

Solana ready to retest resistance levels

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Over the weekend, Solana announced that 99% of its community voted in favor of the upcoming Alpenglow update. This update is described as the boldest consensus change the Solana network has ever made, with the aim of bringing near-instantaneous finality to transactions.

If implemented, Alpenglow will replace Solana’s old system with a new system called Votor and Rotor. As a result, the block finalization time will be drastically cut from about 12.8 seconds to just 100 to 150 milliseconds – a 100-fold increase in speed.

Following this development, the 4-hour chart (1/9) shows that Solana is still trading within an ascending channel pattern, which reinforces its short-term bullish structure. Moreover, the green line of the Supertrend indicator is below the current price.

This formation generally signals that the trend is still in a bullish state, as the Supertrend serves as dynamic support. As long as SOL stays above this line, buying pressure will likely remain dominant, increasing the chances of breaking the resistance level at $216.79 again.

Analysts Remain Optimistic

In this regard, CCN spoke to Shawn Young, Chief Analyst at MEXC Research.

According to Young, the potential for ETF approval, institutional adoption, as well as the renewal of this network could be positive driving factors for Solana’s price.

“This leap in speed not only puts Solana ahead of competing layer-1 blockchains like SUI, but could also make it faster than standard web search response times. An additional factor that reinforces Solana’s bullish outlook is the possibility of a SOL ETF being approved in the near future. If all these factors materialize, the SOL price could reach $215 before the end of September and $250 before the end of the fourth quarter,” Young told CCN.

SOL Price Prediction: Heading Higher

Looking at the long-term projection, the daily chart shows that Solana’s price is still holding above the main support line, which keeps the overall bullish structure intact.

Read also: Solana’s Alpenglow Upgrade Has 99% Approval, Ready to Cut Block Finalization!

The MACD indicator also remains in the positive zone, signaling that momentum is still in favor of the buyers.

At the same time, the Money Flow Index (MFI) also moved above its support level, reflecting steady capital flows and continued demand. This combination of signals suggests that the SOL is likely to maintain its strength in the short term.

In the next few months, Solana prices are expected to test the resistance level at $252.47. If it manages to break through this level, then the path to $295.35 could open up.

In a very optimistic scenario-for example, if a rate cut by the Fed boosts overall market sentiment-SOL could potentially extend its rally to touch $419.19.

On the other hand, if the crypto market in general experiences pressure or bearish sentiment, the value of this altcoin could drop back to the $142.27 range.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Solana (SOL) Holds Above $200 – 2025 Rally Possible With Alpenglow Upgrade. Accessed on September 2, 2025