Solana Price Up 3.3% As Jump Crypto Proposes End To Block Cap

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By byrn
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The Solana price has surged 3.3% in the last 24 hours to trade at $209.46, as of 3.40 a.m. on a 52% increase in daily trading volume to $5.26 billion.

That made it the top gainer among the biggest 100 cryptos, according to CoinMarketCap.

The SOL price increase came as Jump Crypto’s Firedancer team submitted a proposal to remove Solana’s fixed block limit of 60 million compute units after the Alpenglow upgrade.

This change would let powerful validators process larger, more complex blocks, while slower validators can skip the ones they can’t handle. 

It’s called SIMD-0370 and would create more incentives for validators to improve their hardware, earn more transaction fees, and keep the network running at top speed.

If validators upgrade their systems, Solana’s network could become much faster, with transaction finality already dropping from 12.8 seconds to just 150 milliseconds after Alpenglow.

That would mean more transactions, more fees, and potentially more demand for the SOL coin.

Some engineers worry this could make smaller validators struggle, but for now the plan is set to boost performance and attract new users and projects to Solana’s ecosystem.

Solana Price Holds Key Support

Price action for Solana shows a bounce after a recent sell-off from highs near $253. Right now, SOL trades above its 50-day simple moving average (SMA) at $209.14, which acts as a critical support level for buyers.

The long-term 200-day SMA sits much lower at $166.79, meaning there’s a wide cushion for dips before the trend turns negative.

During the week, SOL dropped over 11%, but buyers came in strong around the $206–209 area and quickly pushed the price back up. This confirms the support zone is holding well, and recent rally attempts have brought optimism back to the market.

The RSI (Relative Strength Index) is at 45.90, which is neutral, neither too high nor too low. MACD (Moving Average Convergence Divergence) is negative, but the histogram is shrinking, hinting that selling pressure may be ending soon.

The ADX (Average Directional Index) remains at 27.63, marking a trend that is steady but not overheated. Other short-term moving averages, like the EMA-10 and EMA-20, still show sell signals, but the longer-term averages stay bullish.

SOLUSDT Analysis Source: Tradingview

Recent price action has created higher highs and higher lows since July, meaning the uptrend is still in play and buyers remain in control

Looking at the chart, the next resistance zone for SOL is at $218–230. If buyers can break above $218, the coin could quickly move toward $230.

The next key level is at $253, which was the recent high. Passing this level could open the door for a run toward $275 or even $300, depending on how much demand flows into the market.

A break below $206 would put the spotlight on the long-term support near $187 and then $166. Most analysts expect strong buying to appear before SOL falls that low, thanks to solid fundamentals and active network participation.

The Firedancer proposal and Alpenglow upgrade set the stage for improved speed and scalability, which makes Solana even more attractive to both institutional and retail investors.

Technical indicators remain mixed in the short term, but long-term signals still point to more upside. As always, prices can bounce up and down with market volatility, but Solana is well-positioned to outperform most rivals if its momentum holds.

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