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Solana Accelerate APAC Begins: Latest Solana News and SOL USD Price Prediction This Week
Yahoo Financeยท 2025-10-20 14:43
Core Insights - The Solana Accelerate APAC summit 2025 aims to connect Mandarin-speaking markets with the global Solana ecosystem, focusing on crypto adoption, DePIN, Web3 innovation, stablecoins, and blockchain's role in global finance [2][4] - The summit series has commenced in Beijing, with additional events planned in three more cities, designed to assist local tech firms and investors in scaling their blockchain solutions using Solana's infrastructure [3] - Solana's price has shown resilience, rebounding from a market crash and currently trading above its 200-day SMA, indicating potential for further upward movement [5][6] Price Action and Market Sentiment - Solana's trading volume has surged to $5.5 billion, reflecting a 39.30% increase in the last 24 hours, contributing to positive price momentum [3] - The long/short ratio for Solana stands at 3.44, with approximately 80% of traders holding long positions, suggesting bullish market sentiment [6] - The Relative Strength Index (RSI) has risen above 40, indicating potential for further growth before reaching overbought levels [6] Upcoming Developments - The Alpenglow upgrade, which has received approval from 98% of validators, is set to significantly enhance transaction finality from 12 seconds to 150 milliseconds, with a rollout planned for Q1 2026 [7]