Solana continued its upward momentum after gaining nearly 4% over the last 24 hours, pushing the SOL price close to the $90 level. The cryptocurrency has now posted roughly a 10% weekly gain as bullish sentiment strengthens across the broader digital asset market.
At the same time, Bitcoin remained above $81,000 while Ethereum traded near $2,300, helping support positive momentum across altcoins.
Investors are now closely watching the upcoming Solana Alpenglow upgrade, which could become one of the network’s most significant technical improvements in recent years.
Solana’s Alpenglow Upgrade Could Launch Next Quarter
During a panel discussion at Consensus Miami 2026, Solana co-founder Anatoly Yakovenko discussed the progress of the Alpenglow upgrade and described it as a major milestone for the blockchain ecosystem.
According to Yakovenko, the update is designed to significantly improve transaction confirmation speeds and increase the reliability of transaction finality across the network. The development team expects the upgrade to launch before the end of the year, although Yakovenko suggested deployment could happen as early as next quarter if development progresses smoothly.
The Alpenglow update aims to reduce latency and improve timing precision while maintaining Solana’s high-throughput infrastructure. Developers believe these improvements will make the network more attractive for large-scale financial applications and time-sensitive blockchain use cases.
Derivatives Market Activity Surges
Solana also experienced strong growth across its derivatives market as trading activity accelerated sharply this week.
According to market data, trading volume jumped nearly 79% to approximately $12.92 billion during the latest session. Meanwhile, open interest climbed more than 10%, reaching around $5.55 billion across crypto exchanges.
Options trading activity recorded the strongest growth, surging over 194% to roughly $17.72 million, signaling increasing trader participation and speculative interest surrounding SOL’s recent momentum.
Can Solana Price Reach $100?
From a technical perspective, several indicators are beginning to show strong bullish momentum for Solana.
The Relative Strength Index (RSI) climbed near the 71 level, reflecting elevated buying pressure in the market.
At the same time, the MACD indicator generated a bullish crossover on the 4-hour chart, while expanding green histogram bars pointed toward strengthening upward momentum.
Analysts are now closely monitoring the $92 resistance zone. If SOL manages to break above that level decisively, the next upside targets could emerge around $96 followed by the psychologically important $100 mark.
On the downside, the $85 level remains a major support area for the cryptocurrency. A breakdown below that zone could expose Solana to a deeper pullback toward $80.
