The Breakout of Solana ($SOL) to a Price of $145 Will Be the Beginning of Something Bigger By 2026
Once again, Solana has taken center stage as it continues to grow quietly behind the scenes while the crypto world watches the rise of Bitcoin. In fact, Solana just recently price at $145.60 which represents a gain of nearly 5% over the past 24 hours (not too shabby). However, what you may not be aware of is the massive "regime shift" within institutional finance that is currently taking place, and how that impacts Solana.
🚀 Catalyst #1 - The Arrival of the New Alpenglow Upgrade
Solana is gearing up for its newest upgrade known as Alpenglow.
Goal: Reduce the finality confirmation time from an average of 12 seconds down to an average of only 100-150 milliseconds.
Effect: Faster than Visa, this upgrade positions Solana as probably the ideal settlement layer for global finance.
🏦 Catalyst #2 - Wall Street's "Big 3" Status
Morgan Stanley has filed to establish a Spot ETF for Solana, making August 2019 an important milestone in time and confirming the desire of Wall Street's investment managers to have access to Solana in tandem with that of Bitcoin and Etherium (BTC and ETH). E-Trade will likely soon allow users to trade Solana for 7 million people. As such, we will likely see a flood of new liquidity come into Solana.
💹 Technical Analysis - Path to $200
Support Level: Buyers are supporting the $132 - $134 level aggressively.
Resistance: Currently, we’re testing the upper range of the $147-$149 area, and if we close above $150 on the daily chart, we could see a short squeeze that would propel SOL toward $168-$180.
On-Chain Data: Recent Whale Wallet withdrawals of $15.9 Million worth of DeFi tokens (JTO, KMNO, DRIFT) indicate Smart Money positioning for an ecosystem rally.
💡 My Trading Strategy: I’m looking to Flip the $147 resistance to become support. If volume remains stable, then I anticipate SOL to be the leader in the next phase of the Altcoin Bull Market.
Are you Bullish on Alpenglow? Do you think SOL can reach $200 by the end of the Quarter? 👇
#Solana #SOL #Alpenglow #Crypto202 6 #Write2Earn $SOL $JTO $PYTH
