Solana Price Gains 3% as Bulls Focus on Consensus Breakout
Solana (SOL) posted a nearly 3% gain in early trading on Tuesday, rebounding from a 6% drop the day before and reinforcing the bullish momentum for the large-cap altcoin.
Trading Range Still Not Out of $160–$180
SOL is currently hovering around $165–$170, with bulls holding on to the $165 support level after failing to reclaim $180.
While still far from its January high of nearly $260, SOL has remained within this “range” since late last week.
Solana’s TVL Rebounds Strongly
According to DefiLlama data, the total value locked (TVL) in the Solana ecosystem has increased from $7 billion in early April to over $10 billion.
Key DeFi projects such as Raydium, Orca, and Jupiter have all seen capital return, contributing to SOL’s rally.
Anza Labs Activates “Alpenglow” Upgrade
On May 19, Anza Labs – the core company behind Solana – announced plans to roll out “Alpenglow,” the most significant consensus protocol upgrade since the network’s launch:
Moving from Tower BFT & Proof-of-History
To the new “Votor & Rotor” mechanism
According to Anza, this change will solve the scalability bottleneck, reduce block confirmation latency, and improve fault tolerance for the entire Solana network.
General sentiment remains very positive
Bitcoin is stable above $100,000 and optimistic forecasts that BTC could reach $150,000–$200,000 this year have given altcoins a boost.
Many analysts expect a “historic altcoin season” to come as institutional capital continues to pour into not only Bitcoin but also tokens like SOL.
Policy and regulatory boost
The US Senate has just voted to initiate the GENIUS Act, bringing the prospect of a clear legal framework for stablecoins – a positive sign for the entire crypto market.
Although the SEC has delayed approval of Solana spot ETFs, experts say a final decision could still be passed in the second half of the year, putting SOL on the radar of index funds.
Short-term outlook
Strong support: $165
Key resistance: $180
If Solana holds above $170 after the correction, the next move could be a retest of $180–$185, before aiming for $200.
In short, the momentum from the “Alpenglow” consensus upgrade, the return of DeFi money, and the supportive macro environment are all helping Solana spark an opportunity to break out of its current accumulation zone. Investors will continue to closely monitor developments surrounding ETF news and TVL movements to make trading decisions.
