Timing is important. The accumulation of companies on this scale adds legitimacy to Solana’s growing narrative as a facility-grade asset. CEO Mike Novogratz described the coming months as “Solana season,” while Cio Matt Hougan pointed out financial purchases and ETF prospects as a strong tailwind.
The combination of direct on-chain purchases and adoption by the Ministry of Corporate Finance effectively shifts the balance of supply and demand courtesy of Solana. Public finance already has 4.67 million SOLs, and more inflows are likely to occur as the forward industry begins to accumulate.
Solana Price Prediction: Sol Price Action on Charts
Looking at the Daily Sol/USD chart, Solana is broken above the $220 resistance zone, closing nearly $233 with a strong bullish candle. Hikin Reeds check the strength of the trend and show continuous green momentum. The Bollinger band is expanding, and Price is hugging the upper band. This is a bullish continuation signal in the textbook.
The mid-band, which costs around $207, serves as solid support, while the $227 red band has reversed to support/resistance pivot. As long as Sol is over $220, the bullish structure remains intact.
The level of rise you should see:
- Immediate resistance is between $237-240, marking recent Bollinger and Fibonacci expansions.
- A clean breakout over $240 could pave the way for $260, and the psychological round count serves as a tentative test for $250.
- In the long run, Fibonacci expansion refers to $300 if pressure is maintained.
The negative side risk is relatively included in the near future, with $207 included as key support. A breakdown below this level could weaken bullish cases and send Sol back to $188.
Solana Season: Market Psychology and Positioning
Institution-wide purchases tend to produce a snowman effect. Retailer traders are top-run Treasury, whales tighten supply even further, short sellers face liquidation. Market psychology is leaning strongly and strongly by signaling trust between Galaxy and its partners.
At the same time, the pace of accumulation is important. A proactive inflow of Galaxys can lead to short-term excesses, resulting in volatility. However, the overall picture is clear. Solana positions herself as a major alternative to Ethereum, both in retail and institutional.
Solana Price Prediction: What’s next for Sol Price?
Given the corporate influx, the lucrative regulatory narrative and the bullish chart structure, Solana appears to be even more upside down. Next week, $237-240 is important in making sure you have a clean break. If that’s the case, you can reach $260 within a few weeks, and if momentum continues until October, $300 will be out of reach.
The risk of this paper lies in macro shock (rate determination, Bitcoin volatility). Still, the growth footprint of Solana Treasuries suggests that the pullback is shallow and may be absorbed quickly.
$solana is no longer just a high betta altcoin. When Galaxy Digital and other major players participate in the Treasury game, they are reconfigured as facility-grade layers. If the $237-240 zone makes way, $sol could be in the kind of bull run that Novogratz calls the true “Solana season.”
