The trading price of SOL against USDT is currently around the range of 198–201 USD. There is a slight downward trend in the short term, but it remains relatively strong compared to the performance over the past week.
If the price breaks through the resistance of 200–205 USD, it may open up upward space, with targets looking towards 215–220 USD, and potentially reaching 240–270 USD if further momentum is generated. Long-term indicators such as NUPL (Net Unrealized Profit/Loss Ratio) are operating at high levels, indicating that there is still a certain risk of profit-taking in the market, and newcomers should remain cautious.
The Alpenglow upgrade is about to go live, with a community approval rate approaching 99%, seen as a key node for driving trading efficiency and price elasticity in the future. At the same time, the market cap of RWA on Solana has exceeded 500 million USD, enhancing ecosystem activity. As the approval window for altcoin ETFs approaches, if Solana is included in institutional investment targets, it could attract significant capital inflows.