SOL Rallies; Novogratz Sees Solana as Financial Markets’ Future

Solana's SOL Surge and Market Outlook

Solana's SOL rose above $239, continuing its September gains.
Crypto analyst Ali Martinez identified a potential path to $1,314, citing a breakout from a cup-and-handle pattern.
The breakout above $220 resistance supports further upside if momentum continues.
Galaxy Digital CEO Mike Novogratz highlighted Solana’s potential in global financial markets, predicting a strong role as capital markets shift on-chain.
Novogratz noted U.S. SEC's pro-blockchain stance and Nasdaq's proposal for tokenized securities trading as positive regulatory developments.
He emphasized Solana's capacity to handle 14 billion transactions per day, calling it "tailor-made" for financial markets.

Technical Analysis (Sept. 11-12)

SOL gained about 6%, rising from $227.14 to $240.02.
Broke through eight months of resistance at $220, reaching $240 for the first time since January.
Highest rally was during the final trading hour on Sept. 12, with prices moving from $239.92 to $241.17.
Trading volume peaked at 3.66 million contracts, nearly triple the 24-hour average.
Support levels were established around $225.50 and $228.78.
Resistance emerged at $240.08, initially stalling several rallies.
A new support level formed near $241.17, indicating continued buyer interest post-breakout.