Solana (Sol) has increased 19.4% this week up to a maximum of 7 months of $ 244. New institutional flows have driven the demonstration, including the purchase of $ 1.16 billion of Galaxy Digital and the Treasury movement of $ 1.65 billion forward industries. With the construction of impulse, Sol is now testing the resistance level of $ 250, the final obstacle before a possible impulse to $ 300 by the end of the year.
Institutional Sol Demand
Galaxy Digital arrived at the headlines with one of the largest Sun purchases in months, buying almost 5 million tokens worth $ 1.16 billion in the main exchanges in just three days.
The first section of $ 486 million exceeded Sol above $ 220, its highest level in 8 months and forced $ 17 million in shorts to liquidate.
Forward Industries also supported Solana moving part of his corporate treasure to the network, citing lower transaction and scalability costs. With the support of Jump Crypto and Mulicoin Capital, the firm raised $ 1.65 billion, and Galaxy contributed $ 300 million.
Takeeways Key Institutional Purchase:
- The accumulation of Galaxy exceeded Sol above $ 220 for the first time since the beginning of 2024.
- $ 17 million in shorts were settled as the rally intensified.
- Treasury adoption means that Sol is now part of the business finance ecosystem.
Analysts believe that this could mark the beginning of a “Solana season”, with some forecasts that predate prices of $ 300- $ 400 if tickets continue.
Solana (Sol/USD) Technicians admit the rally
Solana pricing prediction is still optimistic, since Sol is currently at $ 243, pushing against the resistance of $ 244 after an almost vertical movement since the end of August. Ascending wedge shows higher minimums, indicating a bullish structure.
The 50-EMA at $ 218 serves as a short-term support, and 200-EMA at $ 191 provides long-term support. The RSI is 80, so we can see a pause or consolidation before more rise. Recent candles form a pattern of “three white soldiers”, which is a strong bullish formation.
If Sol remains above $ 234, the following objective is $ 257. Above that, they are $ 268 and $ 282, which are previous maximums. But if you do not have $ 23.4, we could see a setback at $ 224 or $ 212. For short-term operations, a long entry above $ 244 with stops below $ 224 is a good risk-reompensation trade.
For long -term investors, the trend is still intact. With the institutional demand that increases and the technical indicators that show impulse, the $ 300 brand seems increasingly realistic for the end of the year.
Suppose the Solana exceeds the range of $ 257- $ 268, the probability of a new high historical increases. More importantly, Galaxy’s digital and front industries are involved, so this rally resembles speculation and more like accumulation.
Bitcoin Hyper presale ($ Hyper) combines BTC safety with solar speed
Bitcoin Hyper ($ Hyper) is being positioned as the first native Bitcoin layer fed by the Solana virtual machine (SVM). Its objective is to expand the BTC ecosystem by allowing low -cost intelligent contracts, decentralized applications and even the creation of meme coins.
By combining the unparalleled security of BTC with the Solana High Performance frame, the project opens the door to completely new cases, including the BTC bridge without seams and the development of scalable DAPP.
The team has put a strong emphasis on trust and scalability, with the project audited by consultation to provide confidence to investors in their foundations.
The impulse is being built quickly. The presale has already crossed $ 15.3 million, leaving only a limited allocation still available. In today’s stage, hyper tokens have a price of only $ 0.012905, but that figure will increase as the presale progresses.
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The prices prediction after Solana: Sol Price is aimed at $ 300 again after 19.4% of weekly gain: Is this realistic? It appeared first in Cryptonews.