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Solana (SOL) has increased by 19.4% this week, reaching a 7-month peak of $244. This surge has been fueled by new institutional investments, including Galaxy Digital’s acquisition of $1.16 billion and Forward Industries’ $1.65 billion treasury allocation. With momentum gaining, SOL is currently testing the $250 resistance level, which is the last barrier before a possible rise to $300 by the end of the year.
Institutional Demand for SOL
Galaxy Digital made news with one of the largest SOL purchases in recent months, acquiring nearly 5 million tokens valued at $1.16 billion across major exchanges within just three days.
The initial $486 million tranche propelled SOL above $220, marking its highest point in 8 months, and resulted in $17 million in short positions being liquidated.
BREAKING
GALAXY DIGITAL IS BUYING OVER $1 BILLION OF $SOL FOR MULTICOIN’S DAT
THEY JUST BOUGHT $326M $SOL TODAY pic.twitter.com/AQBKuRAbNs— That Martini Guy ₿ (@MartiniGuyYT) September 11, 2025
Forward Industries also supported Solana by transferring part of its corporate treasury onto the network, citing advantages such as reduced transaction costs and enhanced scalability. Backed by Jump Crypto and Multicoin Capital, the firm raised $1.65 billion, with Galaxy contributing $300 million.
Key insights from the institutional purchases include:
- Galaxy’s accumulation elevated SOL above $220 for the first time since early 2024.
- $17 million in shorts were liquidated as the rally gained strength.
- Treasury adoption indicates SOL’s integration into the enterprise finance landscape.
Analysts suggest this could signal the beginning of a “Solana season,” with some predictions estimating prices between $300 and $400 if the inflows persist.
Solana (SOL/USD) Technicals Support the Rally
The price outlook for Solana remains optimistic, as SOL is currently at $243, approaching the $244 resistance following a steep ascent since late August. The ascending wedge pattern is displaying higher lows, signifying a bullish trend.
The 50-EMA at $218 acts as immediate support, while the 200-EMA at $191 offers longer-term support. The RSI is at 80, suggesting a potential pause or consolidation before further upward movement. The recent candlestick formations exhibit a “three white soldiers” pattern, a strong bullish indicator.
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SOL/USD Technical Outlook & Price Chart – Source: Tradingview
If SOL maintains above $234, the next target is $257. Following that, targets are set at $268 and $282, which are previous highs. However, if it fails to sustain above $234, a pullback to $224 or $212 may occur. For short-term traders, a long position above $244 with stops below $224 presents a favorable risk-reward scenario.
For long-term investors, the trend remains intact. With rising institutional interest and technical indicators suggesting momentum, the $300 target appears increasingly attainable by year’s end.
Should Solana surpass the $257-$268 range, the likelihood of reaching a new all-time high increases. Notably, with Galaxy Digital and Forward Industries involved, this rally seems less speculative and more indicative of accumulation.
Presale Bitcoin Hyper ($HYPER) Combines BTC Security With Solana Speed
Bitcoin Hyper ($HYPER) is establishing itself as the first Bitcoin-native Layer 2 solution powered by the Solana Virtual Machine (SVM). Its objective is to enhance the BTC ecosystem by facilitating rapid, low-cost smart contracts, decentralized applications, and even meme coin creation.
By merging BTC’s unparalleled security with Solana’s high-performance infrastructure, the project paves the way for entirely new applications, including seamless BTC bridging and scalable dApp development.
The team emphasizes trust and scalability, with the project undergoing audits by Consult to assure investors of its foundations.
Momentum is rapidly increasing. The presale has already surpassed $15.3 million, with only a limited allocation remaining. At this stage, HYPER tokens are priced at $0.012905—but this price will rise as the presale continues.
Tokens can be purchased on the official Bitcoin Hyper website using cryptocurrency or a bank card.
Click Here to Participate in the Presale
The post Solana Price Prediction: SOL Price Targets $300 Again After 19.4% Weekly Gain – Is This Realistic? appeared first on Cryptonews.
