Solana's price has been on a steady rise in recent days, reaching nearly $90 as investors gear up for the upcoming Alpenglow upgrade. The upgrade, expected to launch next quarter, is set to bring significant improvements to Solana's network performance, including faster transaction times and reduced latency.
The anticipation of these upgrades has driven a 10% weekly gain in Solana's price, with trading volume surging by 79% to $12.92 billion. Options trading has also seen a substantial increase, rising by 194%, indicating strong market interest in the token.
Analysts are watching the $92 resistance level closely for a potential breakout towards $100, but if the price were to drop below $85, it could trigger a correction. As investors await the launch of Alpenglow, Solana's position as a high-performance blockchain looks set to strengthen further.