Are you too late to get Solana before it pops off in October when the ETF money comes in? It feels like $205 is still a decent price. In this article, we’ll examine the current Solana price graph and provide an update.
After a two-week governance process, more than 98% of validators voted to adopt the Alpenglow consensus protocol, with 52% of the total stake participating. The upgrade is expected to slash transaction finality from over 12 seconds to just 150 milliseconds, a speed more comparable to Web2 systems than today’s blockchains.
The Solana Foundation called the change “a step toward financial infrastructure that operates at internet speed,” arguing that Alpenglow could unlock new use cases requiring responsiveness and cryptographic certainty. So, will the Solana price follow?
Alpenglow replaces two of Solana’s core consensus tools:
https://twitter.com/SolanaFloor/status/1962880501716308146?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
If successful, these changes could make Solana uniquely positioned for high-frequency DeFi, payments, and even institutional trading platforms. As it stands, several Solana devs claim this will make SOL more of a Web2-like user experience, but with Layer-1 security guarantees.
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SOL price trades at $207.21, up +5.4% daily, with market cap back above $90Bn.
The chart shapes into a cup and handle formation with a rounded base up from $202 to $208 (cup) followed by a shallow pullback (handle). Resistance remains heavy at $205–$207 yet volume increased on the rally, adding weight to the move. A fresh surge in buy volume will be key for breaking through $209 resistance.
Moreover, the Solana price has other bullish factors:
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Speculation around ETFs continues to buoy the market. Among the filings on the table is the Solana REX-Osprey SOL + Staking ETF (SSK), with no clear read on when regulators might decide. If history is anything to go buy then know that Solana has ended September higher in four of the last five years.
If Solana is able to maintain its price from now until October, we are most certainly looking towards new all time highs for the SOL price by year’s end.
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