# Solana Surges to $115 with 20% Monthly Rally

> Solana leads major cryptos this month with a 20% rally to $115, driven by Bitcoin’s short squeeze and three key catalysts.
- Title: Solana Surges to $115 with 20% Monthly Rally · 24/7 Wall St.
- Summary: Solana leads major cryptos this month with a 20% rally to $115, driven by Bitcoin’s short squeeze and three key catalysts. Solana’s price holds $115 if it…
- Keywords: solana, bitcoin, ethereum, xrp, short squeeze, alpenglow, crypto rally, solana upgrades, tokenized stocks, september 28, Surges, 115
- Source: 24/7 Wall St. — https://247wallst.com/investing/cryptocurrency/2026/09/21/why-is-solana-rising-today-its-leading-the-major-cryptos-this-month-with-a-20-rally-to-115
- Author: Sam Daodu
- Published: 2026-09-21T14:00:43+00:00
- Read time: 1 min
- Topics: solana, bitcoin, ethereum, xrp, short squeeze, alpenglow, crypto rally, solana upgrades, tokenized stocks, september 28
## Solana Rises to $115
Solana trades at $116 after a 20% monthly rally, outperforming Bitcoin and Ethereum this month.

> Solana is trading at $116 after rallying 20% this month, making it the top performer among major cryptocurrencies.
## Bitcoin Short Squeeze Boosts Solana
Bitcoin’s surge to $85,000 triggered a short squeeze, liquidating $262 million in Bitcoin shorts in one hour.

> Bitcoin’s recent push toward $85,000 forced a short squeeze, leading exchanges to liquidate $262 million of short positions in just one hour.
## Three Solana Catalysts
The SEC’s innovation exemption, recent upgrades, and the upcoming Alpenglow launch drive Solana’s momentum.

> SEC’s Innovation Exemption: On September 17, the SEC granted a five-year exemption for venues trading tokenized stocks.
## Alpenglow Launch Date
Solana’s Alpenglow system launches on September 28, aiming to improve transaction finality from 12.8 seconds to 150 milliseconds.

> Solana is set to introduce Alpenglow on September 28, a rewrite of the system that allows validators to agree on blocks.
## Resistance Levels
Solana faces resistance at $119, with support levels at $110, $105, $100, and $94.

> Currently, Solana’s immediate resistance is $119, just 3% above its current price.
## Price Hold Potential
Solana can hold $115 if it breaks $119 resistance and successfully launches Alpenglow on September 28.

> Solana’s ability to hold above $115 hinges on whether it can break through $119 and successfully launch Alpenglow on September 28.
## Key takeaway

Solana’s price holds $115 if it breaks $119 resistance and launches Alpenglow on Sept 28.