A major upgrade of Solana's main network launched, with multiple targets retesting the US$80 SOL pr

Key Points

Solana cryptocurrency mainnet upgrade increases block capacity by 66%, and SIMD-0286 is now available.

US$73.75 remains the key support level for SOL prices that traders are concerned about.

Growing price momentum still holds hopes for a return to $80.

Solana cryptocurrency is back in focus after a major main-network upgrade increased block capacity by 66%. The upgrade comes as traders defend key SOL price support, while strengthening market forces raise hope for another move towards the $80 price mark in the near future.

However, this article discusses price targets based on technical analysis, which are speculative in nature and should not be interpreted as guarantees of future market direction. The information herein is for educational and reference purposes only and does not constitute financial advice. Investors should conduct their own due diligence or consult qualified financial experts before investing in digital assets.

Solana upgrades to increase main network capacity

Solana cryptocurrency has completed another major upgrade on the main network. Solana data shows that the SIMD-0286 update is now online, increasing the maximum of computing units per block from 60 million to 100 million.

This improvement increased the network's ability to process activity in each block by approximately 66%. It is worth noting that the higher cap allows more transactions and smart contract activity to be accommodated before the block becomes full.

Solana Daily said the upgrade provides more space for the network during busy times. This helps trading platforms and other decentralized applications that handle large volumes of transactions.

This update will not change the way people use Solana cryptocurrency. It simply allows the network to handle more activity as more users and projects enter the blockchain. As more applications are launched on the network, the demand for block space will grow. A larger block cap helps relieve stress by allowing each block to accommodate more activity.

The latest changes are another step in Solana's efforts to improve its network as subscriber numbers continue to grow. While technology upgrades themselves do not determine the direction of the market, they often attract attention because they improve the blockchain itself. The upgrade comes at a time when traders are also watching Solana prices for signs of the next move.

Solana prices hit important support areas

The price trend has become the next focus after the upgrade of the main network. Cryptocurrency analyst Ali Martinez said $73.75 is a level that traders should pay close attention to. According to the analyst, more than 50 million Solana cryptocurrencies were bought near that price, making it the strongest support area on the chart.

If SOL prices remain above $73.75, buyers may continue to defend the recent rally. Holding that level will also help keep focus on a possible return to the $80 area.

If the market closes below support, the situation will change. Ali Charts said a break below $73.75 could trigger more selling, with $60 becoming the next downside target.

The analyst also pointed out that there was little support below $60 and up to around $50. This is why many traders regard the current level as one of the most important points on the chart. Currently, the market is waiting to see if buyers can maintain control above support.

SOL Price momentum continues to strengthen

Another market signal was added to the discussion. Cryptocurrency analyst CW said the buying power of SOL prices is increasing. Even so, CoinGlass data showed that open interest remained at the same level and did not rise as prices rose.

Open interest shows the number of futures contracts active in the market. Many traders would prefer to see both prices and open interest rise, as this could indicate that new money is entering the market.

CW believes that if open interest starts to increase with current price trends, there may be greater volatility later. Currently, traders will focus on futures markets and price charts for more strong signals.

The latest mainnet upgrade has brought Solana cryptocurrency back into focus, while the market is waiting to see what happens near the US$73.75 support level. If this level holds and buying pressure continues to improve, Solana prices may try to reach the $80 mark again. If support falls, traders may turn to focus on lower prices.