Solana (SOL) has dropped nearly 4% in the last 24 hours despite a positive U.S. inflation report, hitting a sell wall at $120, its previous bullish target. The upcoming Alpenglow upgrade on Solana's testnet aims to drastically speed up transaction times from 12 seconds to under 100 milliseconds, potentially boosting its DeFi ecosystem and making it more competitive against Ethereum and BNB. On-chain metrics show rising network usage and fees, supporting SOL's fundamentals. Analysts expect a short-term dip to $110-$112 before a strong rally toward $150, with Alpenglow's successful launch as a key catalyst.
Solana's market cap stands at Rp1.245,19 trillion as of Oct 01, 2026 22:03 WIB, with a 24-hour trading volume near Rp59,95 trillion on Pluang. Despite the article's mention of a nearly 4% drop, SOL's price on Pluang shows a smaller 1.09% decline, trading at Rp2.105.617. Order activity is fairly balanced with 52% buying interest, and the typical hold time for SOL investors on Pluang is 70 days, indicating moderate investor confidence around the upcoming Alpenglow upgrade.
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