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.