SOL trades inside an ascending channel with bullish signals flashing | Credit: Hameem Sarwar
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Key Takeaways
Solana’s Alpenglow upgrade receives 99% community approval, aiming to slash block finality.
SOL price holds above $200 within an ascending channel, signaling sustained bullish momentum.
Analysts project upside toward $250 by year-end, with a highly bullish scenario pointing to $419.
Despite the crypto market opening in September in a downtrend, Solana (SOL) has managed to hold above $200. This resilience comes after reports suggested that the Alpenglow upgrade, scheduled for the end of 2025, may soon get the green light.
At press time, SOL trades at $201, though it briefly flirted with slipping below that threshold.
In this analysis, CCN reveals why Solana’s price could be positioned to trade higher by year’s end.
Solana to Retest Resistance
Over the weekend, Solana revealed that 99% of its community voted in favor of the upcoming Alpenglow upgrade.
Described as the network’s boldest consensus overhaul to date, Alpenglow aims to deliver near-instant transaction finality.
If implemented, the upgrade will replace Solana’s legacy systems with Votor and Rotor, slashing block finality from roughly 12.8 seconds to 100 to 150 milliseconds— a staggering 100× speed improvement.
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Amid this development, the 4-hour chart shows Solana still trading within an ascending channel, reinforcing its short-term bullish structure. Adding to this outlook, the green line of the Supertrend indicator has positioned below the price.
This alignment typically signals that the trend remains bullish, as the Supertrend acts as dynamic support. As long as SOL holds this line, buyers will likely stay in control, raising the probability of another push above the $216.79 resistance.
Regarding this, CCN spoke with Shawn Young, Chief Analyst at MEXC Research. According to Young, the potential ETF approval, institutional adoption alongside this upgrade could be bullish for Solana’s price.
“The leap in speed positions the network not only place Solana ahead of rival layer-1 blockchains like SUI but also potentially makes it faster than a standard web search response time. Adding to Solana’s bullish case is the near-term potential approval of SOL ETFs. Should all these factors come together, SOL price could rise as high $215 before the end of September and $250 before the end of Q4,” Young told CCN.
SOL Price Prediction: Higher Highs
Looking at the long-term projection, the daily chart shows Solana’s price holding above a key support line, keeping its broader bullish structure intact. The MACD remains positive, signaling that momentum continues to favor buyers.
At the same time, the Money Flow Index (MFI) is trending above its support level, reflecting sustained capital inflows and steady demand. Together, these signals suggest that SOL could maintain its strength in the short term.
In the months ahead, Solana’s price will likely to challenge the resistance at $252.47. A successful breakout above this level could open the path toward $295.35.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
