Key highlights:
- The SOL price is holding above $110, with $132.93 and $160.42 as key resistance levels.
- One analyst sees $87.87-$103.71 as an important support zone for SOL.
- Alpenglow and proposed tokenomics changes could influence Solana’s outlook.
Solana is at an interesting point after climbing from around $64 to nearly $130. The SOL price is now trading around $117.26, down 0.50% on the latest daily candle, and the next move could depend on whether buyers can keep the current structure intact.
More Crypto Online is watching the $87.87-$103.71 area as a possible support zone if another correction develops. The analyst says another short-term high is still possible, but a three-wave decline into this area would fit the current Elliott Wave count.
At the same time, Solana has several developments that could influence the SOL price, including the Alpenglow consensus upgrade, proposed changes to token issuance, and new stablecoin projects using the network.
The SOL price is testing $110
We had a look at the daily Solana chart, and the SOL price is trading around $117.26, just above the $110.15 Fibonacci level. This is the lower boundary of the chart’s main resistance zone, which extends up to $209.63.
The next major levels are $132.93, $160.42 and $209.63. The $160.42 level is the 61.8% Fibonacci retracement and is one of the main levels marked on the chart. More Crypto Online’s Elliott Wave count labels the rally from around $64 to $130 as Wave (3), with the current move classified as a possible Wave (4) correction.
If that count remains valid, the next Wave (5) could take the SOL price toward $160.42 or even $209.63. There is an important condition, though. A break below $103.71 would invalidate the bullish count used in the analysis. That could put $94.62 and $87.87 into focus.
Alpenglow could make Solana much faster
One of the biggest developments for Solana is the Alpenglow consensus upgrade. The upgrade targets finality of around 150 milliseconds, compared with roughly 12.8 seconds under the existing TowerBFT system.
Solana’s roadmap places Alpenglow mainnet activation in Q4 2026. Solana’s Alpenglow upgrade page Testing has already provided some data to watch. Solana’s Alpenglow dashboard has recorded finality around 231 milliseconds on devnet. Solana’s Alpenglow dashboard
If the upgrade reaches mainnet successfully, faster settlement could make Solana more useful for applications that require rapid transaction confirmation, including financial infrastructure. That does not guarantee higher demand for SOL, but it would give the network another technical advantage.
SOL’s token supply could also change
Tokenomics are another part of the SOL price outlook. SIMD-0550 is a governance proposal that would increase Solana’s annual disinflation rate from 15% to 30%. The proposal estimates that the change could reduce SOL emissions by 18.9 million tokens over six years.
It also estimates that Solana could reach its 1.5% terminal inflation rate in about 2.8 years instead of 5.7 years. Solana governance forum proposal. This remains a proposal, so the projected reduction should not be treated as an implemented change.
Solana also burns part of the transaction fees generated by the network. Its documentation states that burned tokens are permanently removed from supply. Solana token burn documentation
Where could the SOL price go next?
The SOL price now has a clear set of levels to watch. Holding above $110.15 keeps $132.93 in view, followed by $160.42 and $209.63. If sellers push SOL below $103.71, the chart points toward $94.62 and $87.87.
More Crypto Online’s analysis also places the $87.87-$103.71 zone at the centre of the potential corrective move. CoinCodex’s 1-month SOL price prediction places the price at $148.19, implying that analysts expect the price to trade above current levels over the coming weeks.
Source:: Analyst Says Solana (SOL) Price Is Entering the Most Important Part of Its Rally