In this video we break down the current short term price action for Solana to determine if the recent move is a genuine reversal or a bear market trap. We analyze the ongoing three wave structure and identify the critical support levels that must hold to keep any bullish scenario alive. Video By More Crypto Online.
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As of September 6, 2026, Solana (SOL) is trading at approximately $103.25 USD, marking a +1.85% increase over the past 24 hours. The digital asset has successfully recovered above the crucial $100 psychological level after briefly dipping to a weekly low of $97.42. Buyers are actively defending the $90.50–$100.48 support zone as the coin builds momentum to retest overhead resistance.
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Insights Today
-1 Million TPS Milestone: On September 3, the Solana Foundation announced the internal launch of its new Payment Channels architecture. In controlled stress testing across 100,000 unique wallets, the protocol demonstrated a theoretical throughput ceiling of 1 million transactions per second (TPS) with sub-cent micro-payment efficiency.
-Transaction V1 & Alpenglow Upgrades: The core network is preparing for immediate structural overhauls. According to CoinMarketCap, the Transaction V1 Launch drops on September 9, 2026, increasing transaction data sizes by 3.3x to support massive cross-chain and zero-knowledge (ZK) operations. This will be followed by the Alpenglow Consensus Upgrade in October, which aims to shrink transaction finality by roughly 99% down to a blistering 150 milliseconds.
-Solana Mobile Hackathon: Capitalizing on the upcoming shipping cycle of its newest device, Solana Mobile announced on KuCoin a $135,000 Seeker App Hackathon. Running from September 8 to October 8, the initiative is designed to heavily expand native Android web3 app utility.
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