Sol de Solana recovered above $ 239 on Friday, extending its sharp profits from September, since the CEO of Galaxy Digital, Mike Novograph, described the block chain as “custom made” for world financial markets and analyst Ali Martínez drew a potential route to $ 1,314.
Martínez, a well -known cryptographic analyst, highlighted Solana’s outbreak of what graphics technicians call a cup and handling pattern, a formation that often indicates the beginning of a long -term rally.
In his painting, Martínez marked $ 1,314.41 as the main technical objective, using Fibonacci backward levels to project the Solana rise. The pattern reflects a basing structure of several years: the deep decrease in Solana in 2022 and 2023 formed the “cup”, while the lateral consolidation of 2024 and early 2025 formed the “mango”.
According to Martínez, the rupture above the resistance about $ 220 validates the structure and opens the way to much higher levels if the impulse persists.
Novogratz, speaking in the “Squawk Box” of CNBC on Thursday, presented a bull case for Solana and Crypto more widely. He began pointing to treasure companies linked to both ETH and Sol, which according to him are raising billions of dollars and bringing “a lot of energy and money” to the digital asset ecosystem.
Then he turned to Bitcoin, predicting that the largest cryptocurrency in the world should see an increase towards the end of the year.
But his most detailed comments focused on Solana and the changing regulatory landscape. Novogratz said that the president of the US SEC, Paul Atkins, has made it clear that he wants all markets to move in the chain, citing a speech earlier for the week where Atkins declared: “The market capital markets and the finance of the agents are on the horizon, and the world is observing.”
As part of that context, Novogratz marked Nasdaq’s proposal to the SEC to allow tokenized values to be negotiated directly in the Nasdaq stock market. Combined with the new US framework, I established, he argued, Crypto finally has both technology and regulatory clarity to serve as infrastructure of the financial market.
On the technology side, Novogratz emphasized the raw solar capacity, saying that the block chain can handle 14 billion transactions per day, sufficient, in their words, “process all transactions into shares, fixed revenues, combined products and currencies.” Then he called a block chain that is “tailored” for financial markets.
Add it (scalable infrastructure, a pro-BlockChain regulatory position and billions in new institutional entries), Novograph concluded that “this is the sun season”, a time when Solana is positioned to assume a main role as capital markets change in the chain.
TECHNICAL ANALYSIS (September 11, September 3, September 12, 14:00 UTC)
- According to the technical analysis data model of Coindesk Research, Sol won around 6% in the 24 -hour period, rising from $ 227.14 to $ 240.02, with negotiation volumes that reach 3.66 million contracts.
- The Token broke above eight months of resistance to $ 220, reaching $ 240 for the first time since January, since institutional buyers added exhibition.
- The strongest rally occurred in the last hour of commerce (13: 14–14: 13 UTC on September 12)When Sol advanced another 1% of $ 239.92 to $ 241.17.
- The most dramatic break occurred just after midnight UTC on September 12, when the volume increased to 3.66 million contracts, almost triple the average of 24 hours of 1.46 million.
- The support was established around $ 225.50 during early consolidation, while the resistance arose at $ 240.08, where several demonstrations initially stagnated.
- Heavy negotiation volume at $ 228.78 (3.66 million contracts) He confirmed that level as a key support zone.
- The most busy commercial window was 14: 09–14: 11 UTC, with 214,368 contracts changing hands, almost six times the average per typical hour.
- Now a new support level has been formed about $ 241.17, suggesting that buyers are willing to defend higher prices even after rupture.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
