Solana Price Hits a Wall Just as Alpenglow Finally Arrives

SOL failed again at the top of its range and slipped back below its short-term average. Alpenglow replaced Solana’s original consensus system and cut the target time for irreversible transactions to a fraction of a second. Stablecoin activity on Solana this year has already passed last year’s total by a wide margin. Hong Kong named Solana Company a strategic enterprise, and the firm plans to run validators in the city. The Solana price is holding near $104.50 on Thursday, down about 3.6% in 24 hours, after buyers failed again to break the $108.50 to $108.70 ceiling on the 4-hour chart.