$SOL /USDT: Solana Bulls Are Trying to Take Control, But Is This Recovery Sustainable?

Solana is trading around $94.70, with a 24-hour gain of approximately 1.17%. Its market capitalization is near $55.88 billion, while daily trading volume is around $1.28 billion.

The weekly picture remains weaker, with SOL down approximately 6.6% over seven days. Buyers need to show stronger demand before this recovery can be trusted.

There is positive news for the ecosystem. Solana's Alpenglow consensus upgrade is now live on mainnet, targeting transaction finality of around 150 milliseconds. That's a meaningful technical development.

For short-term market analysis, $94.40 is a nearby support reference, while $96.10 is the immediate resistance area. These levels come from the reported 24-hour trading range.

My 24-hour market signal is NEUTRAL. A move above resistance could improve sentiment, while losing support may bring renewed selling pressure. The next move needs confirmation.

Research date: November 2, 2026. Prices and volume are approximate and vary between market trackers.