{"id":419772,"date":"2025-09-13T00:31:12","date_gmt":"2025-09-13T00:31:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/419772\/"},"modified":"2025-09-13T00:31:12","modified_gmt":"2025-09-13T00:31:12","slug":"galaxy-digital-ceo-explains-why-this-is-the-season-of-sol","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/419772\/","title":{"rendered":"Galaxy Digital CEO Explains Why This Is the ‘Season of SOL’"},"content":{"rendered":"

Solana\u2019s SOL<\/a> rallied above $239 on Friday, extending its sharp September gains, as Galaxy Digital CEO Mike Novogratz described the blockchain as \u201ctailor-made\u201d for global financial markets and analyst Ali Martinez charted a potential path to $1,314.<\/p>\n

Martinez, a well-known crypto analyst, highlighted<\/a> Solana\u2019s breakout from what chart technicians call a cup-and-handle pattern, a formation that often signals the start of a long-term rally. <\/p>\n

In his chart, Martinez marked $1,314.41 as the main technical target, using Fibonacci retracement levels to project Solana\u2019s upside. The pattern reflects a multi-year basing structure: Solana\u2019s deep decline in 2022 and 2023 formed the \u201ccup,\u201d while the sideways consolidation of 2024 and early 2025 formed the \u201chandle.\u201d <\/p>\n

According to Martinez, the breakout above resistance near $220 validates the structure and opens the way to much higher levels if momentum persists.<\/p>\n

Novogratz, speaking on CNBC\u2019s “Squawk Box” Thursday, laid out<\/a> a sweeping bull case for Solana and crypto more broadly. He began by pointing to treasury companies tied to both ETH and SOL, which he said are raising billions of dollars and bringing \u201clots of energy and money\u201d into the digital asset ecosystem.<\/p>\n

He then pivoted to bitcoin, predicting the world\u2019s largest cryptocurrency should see a surge toward the end of the year. <\/p>\n

But his most detailed remarks focused on Solana and the changing regulatory landscape. Novogratz said U.S. SEC Chair Paul Atkins has made clear that he wants all markets to move on-chain, citing a speech<\/a> earlier in the week where Atkins declared, \u201cOn-chain capital markets and agentic finance are on the horizon, and the world is watching.\u201d<\/p>\n

As part of that backdrop, Novogratz flagged Nasdaq\u2019s proposal<\/a> to the SEC to allow tokenized securities to be traded directly on the Nasdaq Stock Market. Combined with the new U.S. stablecoin framework, he argued, crypto finally has both the technology and the regulatory clarity to serve as financial market infrastructure.<\/p>\n

On the technology side, Novogratz emphasized Solana\u2019s raw capacity, saying the blockchain can handle 14 billion transactions per day \u2014 enough, in his words, \u201cto process all the transactions in equities, fixed income, commodities and foreign exchange combined.\u201d He went on to call Solana a blockchain that is “tailor-made” for financial markets.<\/p>\n

Adding it up \u2014 scalable infrastructure, a pro-blockchain regulatory stance and billions in new institutional inflows \u2014 Novogratz concluded that \u201cthis is the season of SOL,\u201d a moment when Solana is positioned to take a leading role as capital markets shift on-chain.<\/p>\n

Technical Analysis Highlights (Sept. 11 15:00 \u2013 Sept. 12 14:00 UTC)<\/p>\n