Solana reclaims $105 following network speed upgrade

Solana (SOL) has experienced significant price volatility, recently reclaiming the $105 level after dipping to $96. The asset has seen a monthly increase of over 37%.

This rally coincides with a major network upgrade that has increased block production speed by approximately 17%, reducing the time between blocks from 300 to 250 milliseconds.

Market analysts note that the price movement follows a period of uncertainty triggered by the US Senate's vote against the CLARITY Act and a 25 basis point interest rate hike by the Federal Reserve. While some technical indicators suggest a potential bearish retest of selling order blocks near $101, others point to long-term resilience and the potential for further gains if broader market conditions improve.