SOL Rallies as Novogratz Calls Solana ‘Tailor-Made’ for Financial Markets, Analyst Sees $1,314 Target

Solana’s SOL rallied supra $239 connected Friday, extending its crisp September gains, arsenic Galaxy Digital CEO Mike Novogratz described the blockchain arsenic “tailor-made” for planetary fiscal markets and expert Ali Martinez charted a imaginable way to $1,314.

Martinez, a well-known crypto analyst, highlighted Solana’s breakout from what illustration technicians telephone a cup-and-handle pattern, a enactment that often signals the commencement of a semipermanent rally.

In his chart, Martinez marked $1,314.41 arsenic the main method target, utilizing Fibonacci retracement levels to task Solana’s upside. The signifier reflects a multi-year basing structure: Solana’s heavy diminution successful 2022 and 2023 formed the “cup,” portion the sideways consolidation of 2024 and aboriginal 2025 formed the “handle.”

According to Martinez, the breakout supra absorption adjacent $220 validates the operation and opens the mode to overmuch higher levels if momentum persists.

Novogratz, speaking connected CNBC’s "Squawk Box" Thursday, laid out a sweeping bull lawsuit for Solana and crypto much broadly. He began by pointing to treasury companies tied to some ETH and SOL, which helium said are raising billions of dollars and bringing “lots of vigor and money” into the integer plus ecosystem.

He past pivoted to bitcoin, predicting the world’s largest cryptocurrency should spot a surge toward the extremity of the year.

But his astir elaborate remarks focused connected Solana and the changing regulatory landscape. Novogratz said U.S. SEC Chair Paul Atkins has made wide that helium wants each markets to determination on-chain, citing a speech earlier successful the week wherever Atkins declared, “On-chain superior markets and agentic concern are connected the horizon, and the satellite is watching.”

As portion of that backdrop, Novogratz flagged Nasdaq’s proposal to the SEC to let tokenized securities to beryllium traded straight connected the Nasdaq Stock Market. Combined with the caller U.S. stablecoin framework, helium argued, crypto yet has some the exertion and the regulatory clarity to service arsenic fiscal marketplace infrastructure.

On the exertion side, Novogratz emphasized Solana’s earthy capacity, saying the blockchain tin grip 14 cardinal transactions per time — enough, successful his words, “to process each the transactions successful equities, fixed income, commodities and overseas speech combined.” He went connected to telephone Solana a blockchain that is "tailor-made" for fiscal markets.

Adding it up — scalable infrastructure, a pro-blockchain regulatory stance and billions successful caller organization inflows — Novogratz concluded that “this is the play of SOL,” a infinitesimal erstwhile Solana is positioned to instrumentality a starring relation arsenic superior markets displacement on-chain.

Technical Analysis Highlights (Sept. 11 15:00 – Sept. 12 14:00 UTC)

• According to CoinDesk Research's method investigation information model, SOL gained astir 6% successful the 24-hour period, climbing from $227.14 to $240.02, with trading volumes reaching 3.66 cardinal contracts.
• The token broke supra 8 months of absorption astatine $220, hitting $240 for the archetypal clip since January arsenic organization buyers added exposure.
• The strongest rally occurred successful the last hr of trading (13:14–14:13 UTC connected Sept. 12), erstwhile SOL precocious different 1% from $239.92 to $241.17.
• The astir melodramatic breakout came conscionable aft midnight UTC connected Sept. 12, erstwhile measurement surged to 3.66 cardinal contracts — astir triple the 24-hour mean of 1.46 million.
• Support was established astir $225.50 during aboriginal consolidation, portion absorption emerged astatine $240.08, wherever respective rallies initially stalled.
• Heavy trading measurement astatine $228.78 (3.66 cardinal contracts) confirmed that level arsenic a cardinal enactment zone.
• The busiest trading model was 14:09–14:11 UTC, with 214,368 contracts changing hands — astir six times the emblematic hourly average.
• A caller enactment level has present formed adjacent $241.17, suggesting buyers are consenting to support higher prices adjacent aft the breakout.

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