Solana’s SOL Surges Past $239 as Analysts Predict Rally Toward $1,314

Solana’s SOL token rallied above $239 on Friday, extending its strong September momentum. The surge comes as Galaxy Digital CEO Mike Novogratz praised Solana as “tailor-made” for global financial markets, while analyst Ali Martinez charted a bullish path toward $1,314.

Martinez highlighted Solana’s breakout from a classic cup-and-handle pattern, a bullish formation that often signals the start of a long-term rally. Using Fibonacci retracement levels, he identified $1,314.41 as the key technical target. The breakout above $220 resistance, Martinez said, validates the structure and opens the door to higher levels if momentum holds.

Novogratz, speaking on CNBC’s Squawk Box, emphasized Solana’s scalability and regulatory tailwinds. He noted that U.S. SEC Chair Paul Atkins recently advocated for on-chain markets and highlighted Nasdaq’s proposal to trade tokenized securities directly on its exchange. Combined with a new U.S. stablecoin framework, Novogratz argued that crypto now has both the technology and regulatory clarity to become financial market infrastructure.

On the technology side, Novogratz underscored Solana’s raw capacity, claiming the network can process up to 14 billion transactions per day — enough to handle global equities, bonds, commodities, and forex trading. He called Solana a blockchain built for financial markets and concluded, “This is the season of SOL.”

According to CoinDesk Research, SOL gained 6% between Sept. 11–12, climbing from $227.14 to $240.02. Trading volumes reached 3.66 million contracts, nearly triple the daily average. Key support formed around $225.50, while resistance emerged near $240.08. Heavy activity at $228.78 confirmed strong demand, with fresh support now established near $241.17, signaling buyers are prepared to defend higher prices.

With strong technical signals, institutional inflows, and a favorable regulatory backdrop, Solana appears well-positioned for further gains as retail and institutional investors return to the market.