The post Solana Season Begins? Why Big Money Is Betting on SOL? appeared on BitcoinEthereumNews.com.

The timing is significant. Corporate accumulation at this scale adds legitimacy to the growing narrative of Solana as an institutional-grade asset. CEO Mike Novogratz described the coming months as a “season of Solana,” while Bitwise CIO Matt Hougan pointed to treasury purchases and ETF prospects as strong tailwinds. The combination of direct on-chain buys and corporate treasury adoption effectively shifts the supply-demand balance in Solana’s favor. Public treasuries already hold 4.67 million SOL, and more inflows are likely as Forward Industries begins accumulating. Solana Price Prediction: SOL Price action on the chart SOL/USD Daily Chart- TradingView Looking at the daily SOL/USD chart, Solana has broken above the $220 resistance zone, closing near $233 with strong bullish candles. Heikin Ashi shows continuous green momentum, confirming trend strength. The Bollinger Bands are expanding, and price is hugging the upper band, which is a textbook bullish continuation signal. The middle band around $207 is acting as solid support, while the red band at $227 has now flipped into a support/resistance pivot. As long as SOL stays above $220, the bullish structure remains intact. Upside levels to watch: Immediate resistance is at $237–240, marked by the recent Bollinger and Fibonacci extensions. A clean breakout above $240 could open a path toward $260, with a psychological round number at $250 acting as an interim test. Longer term, the Fibonacci extension points toward $300 if buying pressure sustains. Downside risk is relatively contained in the near term, with $207 as the critical support. A breakdown below this level would weaken the bullish case and likely send SOL back toward $188. Solana Season: Market psychology and positioning Institutional-scale purchases tend to create a snowball effect: retail traders front-run treasuries, whales tighten supply further, and short sellers face liquidations. With Galaxy and its partners signaling confidence, market psychology…

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Filed under: News - @ September 12, 2025 8:22 am