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Solana Tests Breakout Near $210 as Sol Strategies’ Nasdaq Listing Nears

Traders watch a tight $197–$215 range with October ETF decisions looming as the next major catalyst.

Overview

  • Sol Strategies begins trading on Nasdaq on Sep. 9 under the ticker STKE, holding 435,064 SOL and reportedly seeking up to $500 million to expand its treasury.
  • SOL traded around $207 on Sep. 8 and sat just below a symmetrical triangle’s upper band near $208.8, with a measured move targeting about $237 on a clean breakout.
  • Key levels watched include support around $197–$200, highlighted at $197.64, and resistance at $210–$215 that gates near-term objectives around $240–$255.
  • Positioning shows firm risk appetite as futures open interest climbed to roughly $12.9 billion with positive funding rates, while Solana NFT sales rose about 47% in 24 hours.
  • Analysts caution that crowded leverage and bearish setups could pull price toward ~$192 or even $160–$170 if support breaks, with markets focused on Oct. 16 SEC deadlines for SOL ETF filings.