Solana has reclaimed momentum after a volatile summer. Institutional flows, ETF anticipation, and core upgrades (Firedancer, Alpenglow) now set the stage for a potential parabolic rally into year-end.
• Institutional Treasury Flows: Forward Industries plans a $4B raise to accumulate SOL, supported by Galaxy Digital, Jump Crypto, and Multicoin. Current holdings: 6.8M SOL ($1.6B).
• ETF Catalyst: Fidelity, VanEck, and Grayscale filings are live with DTCC. Prediction markets assign a 99% probability of approval by October. Ethereum’s ETF precedent suggests delayed but massive inflows.
• Tech Upgrades:
• Firedancer (Jump Crypto): New validator client, early tests ~600,000 TPS.
• Alpenglow: Reworks consensus, near real-time finality by year-end.
• On-chain Growth:
• TVL at record $12B (DeFiLlama) – 2nd only to Ethereum.
• Messari data: Solana dApps generate >2x revenue vs. fees paid.
• Expanding into DePIN & RWAs: Hivemapper (12M km mapped), Helium (5G rollout w/ AT&T), $600M+ tokenized assets (BlackRock, Apollo).
• Consumer Adoption: Solana Mobile’s “Seeker” hit 150K preorders in 50+ countries.
Macro backdrop supports risk assets: Fed signals two more cuts in 2025, boosting liquidity.
⸻
🔎 Technical View
• Current price: $250–260 range.
• Structure: Bullish “cup-and-handle” (Ali Martinez) projects upside > $1,300 (~5x current levels).
• Key resistance zones: $310 / $365 / $435 / $500. Break above $500 unlocks long-term extension targets.
• Supports: $245 / $217 / $189. Holding $245–250 keeps bullish momentum intact.
⸻
🎯 Bullish Targets
• $310 → $365 → $435
• $500 (psychological breakout)
• Extension: $1,000 → $1,300 (measured move from technical pattern)
⚠️ Bearish Risk Levels
• Breakdown below $245 → retest $217, then $189.
• Loss of $189 = invalidation of bullish thesis.
• Institutional Treasury Flows: Forward Industries plans a $4B raise to accumulate SOL, supported by Galaxy Digital, Jump Crypto, and Multicoin. Current holdings: 6.8M SOL ($1.6B).
• ETF Catalyst: Fidelity, VanEck, and Grayscale filings are live with DTCC. Prediction markets assign a 99% probability of approval by October. Ethereum’s ETF precedent suggests delayed but massive inflows.
• Tech Upgrades:
• Firedancer (Jump Crypto): New validator client, early tests ~600,000 TPS.
• Alpenglow: Reworks consensus, near real-time finality by year-end.
• On-chain Growth:
• TVL at record $12B (DeFiLlama) – 2nd only to Ethereum.
• Messari data: Solana dApps generate >2x revenue vs. fees paid.
• Expanding into DePIN & RWAs: Hivemapper (12M km mapped), Helium (5G rollout w/ AT&T), $600M+ tokenized assets (BlackRock, Apollo).
• Consumer Adoption: Solana Mobile’s “Seeker” hit 150K preorders in 50+ countries.
Macro backdrop supports risk assets: Fed signals two more cuts in 2025, boosting liquidity.
⸻
🔎 Technical View
• Current price: $250–260 range.
• Structure: Bullish “cup-and-handle” (Ali Martinez) projects upside > $1,300 (~5x current levels).
• Key resistance zones: $310 / $365 / $435 / $500. Break above $500 unlocks long-term extension targets.
• Supports: $245 / $217 / $189. Holding $245–250 keeps bullish momentum intact.
⸻
🎯 Bullish Targets
• $310 → $365 → $435
• $500 (psychological breakout)
• Extension: $1,000 → $1,300 (measured move from technical pattern)
⚠️ Bearish Risk Levels
• Breakdown below $245 → retest $217, then $189.
• Loss of $189 = invalidation of bullish thesis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.