Can This Solana Upgrade Push the Price to $220? Here’s What You Need to Know
- Why Is Solana’s 60M CU Upgrade a Big Deal?
- How Has SOL’s Price Reacted So Far?
- What’s Next for Solana?
- Where to Buy SOL?
- Q&A: Solana’s Upgrade Unpacked
Solana’s latest upgrade to 60M CUs (Compute Units) per block is a game-changer for scalability, reducing congestion and fees while improving user experience. Analysts believe this could fuel SOL’s price toward $220, especially with developer activity booming. Here’s a deep dive into the upgrade’s impact, key price levels to watch, and why solana might be gearing up for mainstream adoption.
Why Is Solana’s 60M CU Upgrade a Big Deal?
Solana’s network has historically struggled with congestion during high-demand events like meme coin launches or NFT drops. The recent upgrade from 48M to 60M CUs per block tackles this head-on by:
- Lowering fees during spikes: More capacity means fewer bottlenecks, reducing gas wars.
- Boosting developer freedom: Complex dApps (like DeFi protocols) can now run smoothly without hitting compute limits.
- Preparing for scale: Proposals to push to 100M CUs are already in motion—hinting at Solana’s ambition to dominate Layer 1.
Mert Mumtaz of Helius Labs puts it bluntly: “This isn’t just a tweak; it’s a runway for builders.” And where developers go, users (and demand for SOL) follow.
How Has SOL’s Price Reacted So Far?
SOL surged 62% from $130 to $210 post-upgrade before cooling to $186.68. Technically, this dip looks healthy:
- Support zone: $168–$170 (20-day moving average + mid-Bollinger Band).
- Next targets: A breakout above $200 could retest $220 (R3 resistance), with $240 in sight if volume picks up.
“Upgrades like this are long-term catalysts,” notes a BTCC analyst. “The market’s pricing in Solana’s edge over rivals.”
What’s Next for Solana?
Watch for:
- Developer migration: More projects = more SOL utility (staking, gas, etc.).
- 100M CU proposal: If approved, Solana could double capacity by year-end.
- Macro trends: BTC/ETH movements often drag SOL along, but fundamentals are now stronger.
Grain of salt: Network upgrades don’t guarantee price spikes—but they do remove hurdles. As one trader quipped, “Solana’s fixing its traffic jams just in time for the crypto rush hour.”
Where to Buy SOL?
For low fees and tight spreads, BTCC and OKX are solid picks.
Q&A: Solana’s Upgrade Unpacked
How does the 60M CU upgrade help Solana compete?
It directly addresses scalability—the Achilles’ heel of many LAYER 1s. Faster, cheaper transactions = happier users and devs.
Why did SOL drop after hitting $210?
Profit-taking is normal after rallies. The key is holding $168 support; if it does, bulls might reload for another push.
Could SOL really hit $220 soon?
Technicals suggest it’s possible, but macro conditions (like Bitcoin’s trend) matter too. Track volume and developer activity for clues.
