Summary
Solana (SOL) was US$120.45, up 0.62% over 24h, per CoinMarketCap's own page data. CMC AI's price-analysis TLDR: Solana is up 3.16% to $120.77 in 24h, outperforming a flat market, primarily driven by anticipation for its major Alpenglow consensus upgrade. The move reflects strong institutional ETF demand and a technical breakout above key resistance. 1. **Primary reason:** Upcoming Alpenglow upgrade, which promises to slash transaction finality to ~150ms, boosting network performance and attracting investor interest ahead of its tentative September 28 mainnet activation. 2. **Secondary reasons:** Sustained institutional inflows into Solana ETFs and a technical breakout above the critical $120 resistance level on high volume. 3. **Near-term market outlook:** If SOL holds above the $116.5 Fibonacci support, momentum could target the $129–$139 extension zone; a break below $112 risks a pullback toward the 50-day moving average near $105.