BTC $86,046 
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FIGR_HELOC $1.07 
ZEC $1,327 Solana holds near $121 as Alpenglow runs on testnet
SOL starts October near $121 with $124-$125 as resistance, Alpenglow live on testnet, and U.S. Solana ETF inflows slowing to $800,000 last week.
Key takeaways
- Resistance sits at $124-$125. SOL needs a daily close above that zone before the $148 target from trader Daan Crypto Trades can be tested.
- ETF demand cooled. U.S. Solana ETFs added $800,000 last week after attracting $188.1 million the prior week.
- Alpenglow has no mainnet date. The upgrade is live on testnet and targets roughly 150-millisecond finality, but Solana has not confirmed activation.
What happened
Solana (SOL) began October near $121 after gaining 14.6% in September, Crypto.news reported. CoinGecko data put the token at about $121.27 on Oct. 4, up roughly 1.6% over 24 hours and down 2.5% over seven days. Its market capitalization was near $71.3 billion.
The immediate resistance zone sits between roughly $124 and $125. SOL closed at $122.08 on Sept. 25 and later traded above $124 intraday before falling back toward $118 at the end of the month. A break above $124-$125 is the technical condition for extending the recovery toward $148, a level that comes from a separate setup shared by trader Daan Crypto Trades. From the price near $121, a move to $148 would require an advance of roughly 22%.
$117 remains immediate support, with $116.32 and $112.50 below it. The 50-day moving average sits near $104 and the 200-day average near $97 as of early October.
Why it matters
U.S. Solana ETFs added only $800,000 last week after attracting $188.1 million the prior week. That slower demand arrived as SOL tested the $124-$125 zone, and buyers have not yet cleared the late-September high.
Alpenglow is live on testnet and is Solana's largest protocol change since launch, replacing TowerBFT. It targets roughly 150-millisecond finality, but Solana has not confirmed a mainnet activation date, so the upgrade has no confirmed effect on price yet.
What the data shows
The monthly chart shows RSI at 50.70, above its moving average of 46.61, which is neutral. MACD remains below zero, with the MACD line near -8.82 against a signal line around -5.34 and a histogram close to -3.48. CoinGecko places the seven-day range between $116.44 and $124.27.
Historical price data show SOL gained around 41.5% in August before rising another 14.6% in September, leaving the token near the levels it reached late last month.
What is still unclear
- Solana has not confirmed a mainnet activation date for Alpenglow, so the timing of any network change stays open.
- Buyers have not cleared the late-September high, so whether SOL can hold above $124-$125 remains unproven.
Questions readers ask
What price does Solana need to break to reach $148?
SOL must clear the $124-$125 resistance zone first. The $148 level comes from a separate technical setup shared by trader Daan Crypto Trades, and from near $121 it would require an advance of roughly 22%.
Is Alpenglow live on Solana mainnet?
No. Alpenglow is live on testnet and Solana has not confirmed a mainnet activation date. The upgrade targets roughly 150-millisecond finality and replaces TowerBFT.
How much did U.S. Solana ETFs add last week?
They added only $800,000 last week, after attracting $188.1 million the prior week.
Where is SOL support if it falls below $120?
$117 remains immediate support, followed by $116.32 and $112.50. The 50-day moving average sits near $104.
