This week, Solana Red approved the Alpenglow update. This represents a structural change in its behavior.
With an approach that optimizes the economy of validators and accelerates transactions, This improvement could be a turning point in the price of Solana (Sun)short-term operators face a technical panorama filled with obstacles, says financial analyst Parshwa Turakhiya.
Alpenglow updates replace the consensus mechanisms Solana had for its design protocols sought Reduces the end time of a 12.8-second block to just 150msas reported by Cryptootics.
Additionally, we introduce a fixed cost model in the validator, replacing voting variable commissions, and improving predictability for facility participants. The proposal was supported for 98% of voters on September 2, with 52% participation in the network reflecting the broad community consensus.
Long-term bullish perspective
Turakhiya Destaca Que These improvements will enhance the growth potential of solar prices Long term.
“Solana remains positively appealing as Alpenglow transforms network performance and gains traction,” he says.
Despite its solid foundation, according to Turakhiya, the technical analysis reflects short-term uncertainty. The price for Sun, which ranges from $194 to $213 last week, is quoted at $206 today, just above the 20-day index mobile average (EMA), located at $198.7.
The EMA is an indicator that gives a significant weight to prices these days, indicating short-term trends. Bareful Supports is on the 50-day EMA ($187) and 100-day ($177) and at a level that could potentially serve as a floor if prices drop.
on the other hand, Resistance between $210 and $215 has halted progress since the end of July.
Where do you get the price of Solana?
The relative force index (RSI) measuring market impulses is at 57 (as seen in the previous graph), indicating the balance that allows movement in any direction.
Seg push turkiya, Overcoming $215 could pave the way to $225-230. However, if you fall below the $198 cryptocurrency, you will be at risk for a set of $187 or $177.
If prices do not stay in the 198-200 range, the channel uprising structure will remain intact, but could slide up to $160, unless this pivot is broken.
Analyst Ali Martinez looks at the hourly graph and in the short term he strengthens his attention. Identify key support at $194, where prices bouncing back previously, and $217 resistance at a constant sales pressure.
Martínez suggests that if it falls below $206 it could undertake the price for $194 support, followed by a rebound that could increase Sun to $217.
