SOL Price Prediction: Solana Breaks $209 as Galaxy Digital Launches SEC-Registered GLXY Tokens – Is SOL Ready for New Highs?
SOL price prediction eventualities have intensified as Solana broke by $209 resistance ranges whereas Galaxy Digital made blockchain historical past by launching SEC-registered GLXY tokens straight on the Solana community.
This marks the primary time a publicly listed U.S. fairness has been issued natively on a serious public blockchain.
Technical evaluation reveals SOL sustaining its place above key ascending help round $190-200, with a number of projections concentrating on $225-291 within the coming months.
Galaxy Digital Develops Blockchain Equity Integration
Galaxy Digital launched tokenized GLXY shares, permitting holders of SEC-registered Class A standard inventory to transform shares into native tokens on Solana.
Each on-chain GLXY represents an precise share with an identical authorized and financial rights as historically held inventory, not wrapped derivatives.
The tokenization course of requires KYC verification by Superstate, Galaxy’s digital switch agent.
Only allowlisted addresses can maintain or obtain tokens, which is applied to protect shareholder data and meet AML obligations whereas permitting company actions.
Galaxy Digital launches tokenized GLXY: convert SEC-registered Class A shares into tokens on Solana by way of Superstate.#Galaxy $GLXYhttps://t.co/KiCN4lo9lj
— Cryptonews.com (@cryptonews) September 3, 2025
Galaxy chosen Solana for its pace, throughput, and rising position as a high-volume spot buying and selling Layer-1 blockchain.
The agency emphasised main issuance on L1 networks to protect unilateral exits and reduce centralized management factors, although Ethereum help is deliberate for future phases.
Trading restrictions at present restrict tokenized GLXY to bilateral transfers between KYC-approved addresses.
AMM and DEX buying and selling stays unavailable pending regulatory readability, although Galaxy argues automated market makers ought to operate as autonomous escrow mechanisms quite than regulated exchanges.
Ascending Support Structure Maintains Bullish Framework
As the market is gearing up, SOL’s 4-hour chart maintains its place above the important thing ascending trendline help that has offered a basis all through the rally from $120 to the present $209 ranges.
The blue ascending help line confluences with the 200-period EMA round $190, which creates a powerful technical basis for continued momentum.
Similarly, the RSI studying of 14 suggests SOL approaches oversold situations on this timeframe, probably supporting bounce eventualities if ascending help holds.
The MACD indicator exhibits values round 12.26, sustaining optimistic momentum regardless of current consolidation.
Stochastic readings of 14.1 additionally point out potential for short-term upside if SOL sustains above ascending help ranges.
However, momentum indicators are already at elevated ranges, suggesting restricted room for enlargement earlier than potential divergences develop.
This technical setup requires cautious monitoring of help integrity round $190-200 zones.
Channel Projections Target $291 Following Support Retest
Daily chart evaluation reveals SOL’s motion inside a well-defined ascending channel construction, with September projections indicating an preliminary help check, adopted by a resumption towards channel resistance.
SOL is at present round $208, and occupies center channel territory with projected decline towards $190-200 help earlier than rallying towards $240 higher boundary.
Multi-target evaluation reveals SOL positioned inside converging trendlines, with horizontal resistance ranges marked at $174.36, $211.99, $ 224.10, and $291.04.
The present projection suggests a particular sequence involving a decline towards the $170 help degree, adopted by restoration, in the end concentrating on $291, representing an roughly 40% achieve from present ranges.
Moreover, a weekly comparability to autumn 2023 value motion, round $24, suggests an identical consolidation sample could also be creating at greater absolute ranges.
As it stands now, SOL could also be constructing power for one other main leg greater, probably concentrating on the $400-500 vary based mostly on measured strikes from the present consolidation.
The rapid focus facilities on SOL’s skill to take care of above the ascending help whereas constructing momentum for an assault on the $225-240 resistance zone.
A profitable break above these ranges would validate extra optimistic projections towards $291 and past.
Is Snorter the Next 100x Telegram Bot Everyone’s Using?
While SOL prepares for a possible breakout towards new highs, this new buying and selling bot is already displaying sturdy presale efficiency.
Smart merchants know that discovering the correct utility token early can result in huge returns throughout bull markets.
Snorter is getting consideration as a result of it makes Solana buying and selling quicker and safer. The bot works inside Telegram and should purchase tokens in beneath one second utilizing personal RPC connections.
The presale has raised over $3.6 million to this point. Early consumers can earn round 127% staking rewards for holding their cash.
Above all that, right here’s what issues: the perfect buying and selling instruments get adopted shortly as soon as they show they work.
Snorter launches absolutely in Q3 2025 with options like copy buying and selling and rug pull safety. This means you can purchase quickly if you need presale costs.
You should purchase SNORT tokens on their website utilizing SOL, ETH, USDT, or bank cards.
Visit the Official Website Here
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