|

Solana Price Prediction: SOL Price Targets $300 Again After 19.4% Weekly Gain – Is This Realistic?

🚨

Solana (SOL) has risen 19.4% this week to a 7-month high of $244. Fresh institutional flows have pushed the rally, together with Galaxy Digital’s $1.16 billion buy and Forward Industries’ $1.65 billion treasury transfer. With momentum constructing, SOL is now testing the $250 resistance stage, the ultimate hurdle earlier than a possible push to $300 by yr’s finish.

Institutional Demand for SOL

Galaxy Digital made headlines with one of many largest SOL buys in months, buying practically 5 million tokens worth $1.16 billion throughout main exchanges in simply three days.

The first $486 million tranche pushed SOL above $220, its highest stage in 8 months, and compelled $17 million in shorts to liquidate.

Forward Industries additionally backed Solana by shifting a part of its company treasury onto the community, citing decrease transaction prices and scalability. Supported by Jump Crypto and Multicoin Capital, the agency raised $1.65 billion, with Galaxy itself contributing $300 million.

Key takeaways from the institutional shopping for:

  • Galaxy’s accumulation pushed SOL above $220 for the primary time since early 2024.
  • $17 million in shorts have been liquidated because the rally intensified.
  • Treasury adoption means SOL is now a part of the enterprise finance ecosystem.

Analysts consider this might mark the beginning of a “Solana season,” with some forecasts predicting costs of $300-$400 if inflows proceed.

Solana (SOL/USD) Technicals Support the Rally

The Solana price prediction stays bullish, as SOL is at the moment at $243, pushing towards the $244 resistance after a near-vertical transfer from late August. The ascending wedge is displaying larger lows, indicating a bullish construction.

The 50-EMA at $218 serves as near-term help, and the 200-EMA at $191 offers longer-term help. The RSI is 80, so we may even see a pause or consolidation earlier than extra upside. The latest candles kind a “three white troopers” sample, which is a robust bullish formation.

SOL/USD Technical Outlook & Price Chart – Source: Tradingview

If SOL holds above $234, the following goal is $257. Above that, it’s $268 and $282, that are earlier highs. But if it fails to carry $23,4 we may see a pullback to $224 or $212. For short-term trades, a protracted entry above $244 with stops below $224 is an efficient risk-reward commerce.

For long-term buyers, the development continues to be intact. With institutional demand growing and technical indicators displaying momentum, the $300 mark appears to be like more and more practical by yr’s finish.

Suppose Solana will get above the $257-$268 vary, the likelihood of a brand new all-time high will increase. More importantly, Galaxy Digital and Forward Industries are concerned, so this rally appears to be like much less like hypothesis and extra like accumulation.

Presale Bitcoin Hyper ($HYPER) Combines BTC Security With Solana Speed

Bitcoin Hyper ($HYPER) is positioning itself as the primary Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its purpose is to develop the BTC ecosystem by enabling lightning-fast, low-cost sensible contracts, decentralized apps, and even meme coin creation.

By combining BTC’s unmatched safety with Solana’s high-performance framework, the mission opens the door to thoroughly new use circumstances, together with seamless BTC bridging and scalable dApp growth.

The group has put sturdy emphasis on belief and scalability, with the mission audited by Consult to offer buyers confidence in its foundations.

Momentum is constructing shortly. The presale has already crossed $15.3 million, leaving solely a restricted allocation nonetheless obtainable. At at present’s stage, HYPER tokens are priced at simply $0.012905—however that determine will enhance because the presale progresses.

You can purchase HYPER tokens on the official Bitcoin Hyper website utilizing crypto or a financial institution card.

Click Here to Participate in the Presale

The put up Solana Price Prediction: SOL Price Targets $300 Again After 19.4% Weekly Gain – Is This Realistic? appeared first on Cryptonews.

Similar Posts