Solana is up 21% in a month and has failed at $120 three times, with Alpenglow due September 28. Does it clear the line first?
- Solana's price is facing resistance at $120 ahead of the Alpenglow upgrade on September 28, which aims to significantly reduce transaction finality.
- Despite recent inflows and a push into tokenized finance, 'sell-the-news' tactics and persistent selling pressure at $120 make it unlikely Solana will break the resistance before the upgrade.
- The article discusses potential price movements based on whether Solana can overcome the $120 barrier or if the upgrade triggers a sell-off, impacting key support levels.
Topics: Blockchain usage, Scalability, Integration with defi, Layer 2 scaling, Market depth liquidity, Rwa collateral lending
Tags: #solana #alpenglowupgrade #tokenizedfinance #transactionfinality #sellthenews #priceresistance #solanafoundation #digitalbonds #funds #stocks
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