TLDR
- SOL price holds above $120 for the first time since January, up about 8% this week.
- Alpenglow upgrade moved to devnet on September 25, aiming for 150ms transaction finality.
- U.S. Solana ETFs saw a record $86.67M single-day inflow on September 25.
- Solana’s stablecoin market cap hit an all-time high of $17.394 billion.
- Solana’s on-chain spot volume topped Coinbase, Bybit, and Kraken on September 24.
Solana’s price climbed above $120 this week, a level it had not held since late January. The token rose about 8% over seven days, building on a recovery that started near $75 in early August.
SOL traded at $121.19 on September 26. That is still roughly 58% below its January 2025 peak of $294.
Traders are now watching $130 as the next target. The four-hour chart shows SOL moving inside a rising channel, with the relative strength index at 63.09.
That reading shows momentum without signaling overbought conditions. The Chaikin Money Flow sat at 0.09, pointing to positive money flow during the climb.
Alpenglow Targets Faster Transactions
Solana’s Alpenglow upgrade reached devnet on September 25. Anza, the development firm behind the move, confirmed the transition a day after a testnet handoff.
Anza wrote on X: “Alpenglow is officially running on devnet. The handoff completed at slot 504148999: Alpenglow genesis block formed and TowerBFT is retired. App developers: test your programs and integrations now during our observation period leading up to mainnet-beta migration.”
🚨JUST IN: Alpenglow, @Solana’s biggest consensus change in history, is set to go live on the testnet in less than 6 hours.
The new system could make Solana transaction finality 85× faster, cutting it from around 12.8 seconds to 150 milliseconds. pic.twitter.com/ob3OX7CwuN
— SolanaFloor (@SolanaFloor) September 24, 2026
The upgrade aims to cut transaction finality from 12.8 seconds to about 150 milliseconds. Finality is the point when a transaction can no longer be reversed.
Faster finality could let exchanges credit deposits sooner. Mainnet activation has not happened yet, so regular users have not seen the speed change.
Analyst Crypto Patel pointed to a different level as the one to watch. In a post on X, Patel wrote that SOL had reclaimed $120 after roughly eight months, but called $150 the key trend-change level, adding that a weekly close above it could open targets at $250, $500, and $1,000.
SOLANA PRICE PREDICTION: THE $150 BREAKOUT COULD SEND $SOL TOWARD $1,000$SOL has finally reclaimed $120 After ~8 months, but the real HTF trend-flip level is $150.
A weekly close above $150 would confirm the bullish breakout and activate my upside targets.Targets: $250 →… pic.twitter.com/BMgdzmjHyX
— Crypto Patel (@CryptoPatel) September 26, 2026
Patel also noted that a rejection at $150 could send SOL back toward $75, an area described as a possible re-entry zone.
ETF Inflows And Network Data
U.S. spot Solana ETFs recorded $86.67 million in net inflows on September 25. That marked the highest single-day total since the funds launched.
Bitwise’s BSOL brought in $55.73 million. Grayscale’s GSOL added $18.47 million, and Morgan Stanley’s MSOL brought in $5.96 million.
Weekly inflows reached $181 million, the second-highest weekly total on record. Total net assets across the funds stood at $1.96 billion.
Solana’s stablecoin market cap also set a record, reaching $17.394 billion on September 25. That figure is more than six times the level recorded in April 2024.
Daily active users on Solana passed 8 million, more than the combined total of all other chains tracked. On September 24, Solana’s on-chain spot volume hit $2.69 billion, ahead of Coinbase, Bybit, and Kraken.
