Sep 18, 2025
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Solmate Launches in UAE with $300M Funding, Solana Ecosystem Highlighted
Recent discussions around Solana (SOL) focus on the pivotal $238 level and potential for price increases.
Marco Santori's Insights
- Marco Santori introduced Solmate as new Solana infrastructure in the UAE, supported by UAE investors and Ark Invest.
- Solmate aims to enhance SOL-per-share growth and is described as a digital asset treasury focused on capital accumulation.
- The firm plans to establish validators in Abu Dhabi for staking performance, partnering with RockawayX.
- Santori highlighted Solana's speed and usage compared to other blockchains like Ethereum.
Analysts' Opinions on SOL Price
- Rekt Capital observed SOL breaking a long-term downtrend, testing $238 as support, which could lead to all-time highs if successful.
- Trader KALEO suggested that four-figure prices for SOL are plausible without specifying timing.
CoinDesk Research's Technical Analysis
- During Sept. 17-18, 2025, SOL increased from $233.78 to $250.59 (+7.2%), indicating strong buyer control.
- Buyers showed strength around $245, while sellers resisted near $253.
- A close above $253 could target $255–$260; a drop below $245 might test $238.
Latest SOL-USD Chart Analysis
- 24-hour chart shows a range of $237.01–$252.81, with support at ~$245 and resistance at ~$253.
- Maintaining above $245 may lead to $255–$260; falling below suggests a drop to $242–$243, then $238.
- One-month chart indicates an uptrend, with $238 as the critical pivot point.
