Solana surges near $90 as derivatives spike and major network upgrade looms next quarter

Solana (SOL) rallied nearly 5% to approach the $90 mark, driven by a 30% increase in trading volume and a 10% rise in derivatives open interest to $5.55 billion. The token saw a significant short liquidation event worth $16 million, highlighting strong market momentum amid a broader crypto rally. A key network upgrade called Alpenglow, aimed at improving transaction speeds, is expected next quarter, potentially boosting Solana's performance further. Technical indicators show bullish trends with resistance at $92 and support at $85, signaling cautious optimism among investors.