The institutional trust in Solana (SOL) remains strong, making it one of the market’s stable altcoins. The Treasury wallet currently holds more than 20 million SOLs, about 3.64% of its total supply, indicating that large investors are watching Sol as part of a diversified crypto portfolio along with Bitcoin and Ethereum.
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Companies like Forward Industries and Brera Holdings have disclosed their asset exposures, but Ark continues to emphasize network expansion with the addition of Solana-related stocks.
Meanwhile, speculation about a potential Solanas staking ETF has gained momentum. If approved, it could reduce circulating supply, provide yield access and attract important new capital to SOL. The targets of mid-cycle analysts between $300 and $500 reflect this institutional interest and an increase in activity in the chain.
SOL's price trends to the upside but with some losses on the daily chart. Source: SOLUSD chart on Tradingview
FireDancer + Alpenglow: A leap in performance and decentralization risk
Solana’s technology roadmap offers another boost. Jump Crypto’s Firedancer client can propose SIMD-0370 to remove fixed computation block limits, handle more complex blocks and increase overall throughput.
At the same time, the Alpenglow upgrade (testnet scheduled for December) aims to dramatically reduce transaction finality from around 12.8 seconds to 150 milliseconds, making Solana the fastest major chain. These changes could strengthen Solana’s leadership in large amounts of debt and payments.
However, critics warn that centralization could increase if they can’t afford hardware upgrades that require small validators. The main challenge is to balance the speed of raw and the diversity of validators. This is important for assessing the long-term resilience of the network.
Price Level: Can the Solana (Sol) Bulls protect $207?
Currently, Sol is close to $208-$210, and will be modest for the day once momentum is rebuilt. Currently, the market is focusing on $207 as its initial support level. A sustained hold saves uptrends, maintains a retest of $2330 to $253, leaving $257 (52 weeks height) above.
Losing $207 opens the door to $190-$185 as the next demand zone, with deeper shakeouts that can test $165-$167. Macro factors still remain swing factors, but short-term emotions are supported by improving tape dynamics, higher spot volumes, and active addresses.
For traders, a constructive setup is to hold $207, get back $223-230 and try $253-257. For investors, the paper relies on three pillars. Increased Treasury ownership and potential ETF catalysts, throughput leadership from firefighters and alpenroes, and expansion of real-world utilities across Defi and Commerce.
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If Solana maintains support while upgrades occur on schedule, the path to new highs will be enhanced. If not, expect a choppy Q4 that brings out value around the $185 area.
ChatGpt cover image, SolUSD chart for TradingView