SOL Holds Near $170, Alpenglow Upgrade Anticipated Amid Recent Market Volatility

Solana (SOL) is currently trading at $172.38 with a 24-hour trading volume exceeding $3.1 billion and a market capitalization of approximately $91.91 billion, reflecting a 2.34% decrease from the previous day's open of $176.51. The recent price decline and volatility are primarily attributed to large-scale liquidations in the broader crypto market following the announcement of a 50% tariff on European Union imports by the U.S. President, which triggered about $100 million in altcoin liquidations, including SOL. Despite this, Solana has shown resilience with strong support near $170 and ongoing technical development, such as the upcoming "Alpenglow" upgrade, but no new partnerships or events have been reported in the past week.