Pantera Capital Says Solana at a ‘Main Inflection Level’ as Third-Largest Crypto Play — Is $300 $SOL Practical?

Digital asset investing firm Pantera Capital says Solana (SOL) is approaching a significant inflection level in its adoption because the third-largest crypto play after Bitcoin and Ethereum.

In a September 18 firm put up, Pantera hinted that blue-chip corporations like Stripe and PayPal are beginning to construct on Solana, and the story for Solana is simply starting.

The San Francisco-based agency added that ETF launches accelerated institutional adoption of BTC and ETH, with 43 Bitcoin ETFs launched and 165 public corporations holding BTC.

Pantera Capital Backs SOL to Surpass $300 Says ‘Institutional Second’ Incoming”

Equally, 21 Ethereum ETFs have launched with 16 public corporations holding ETH, however Solana has zero Solana ETFs with simply 5 public corporations holding SOL.

Establishments are at present under-allocated to SOL relative to BTC and ETH, holding lower than 1% of the overall provide, in comparison with 16% of BTC and seven% of ETH.

With a Solana ETF approval anticipated as early as This fall 2025, Pantera Capital believes Solana is subsequent in line for its “institutional second.”

When it comes to market capitalization, Solana remains to be only a fraction of Bitcoin (1/twentieth) and Ethereum (1/4th).

But Solana leads each in key utilization metrics, with essentially the most lively person addresses of over 2.44 million and chain app income of over $6 million.

Pantera reaffirms that it believes Solana presents higher uneven upside potential.

Pantera Capital lately led a $500M fundraising for Helius Medical Applied sciences to launch a Solana treasury centered on buying SOL.

Institutional curiosity in Solana continues to rise, with companies reminiscent of Upexi, DeFi Improvement Corp, and Bit Mining all accumulating SOL reserves in current months.

Pantera Capital’s CEO, Dan Morehead, has now confirmed Solana is their largest place, value a large $1.1 billion.

Technical Evaluation Factors to Bullish Momentum

Solana has been outperforming Ethereum in current weeks and is now sitting at a key zone the place it may break into recent all-time highs.

Most specialists have set their Solana worth predictions sky-high, with some calling for $1,000 by 2026.

World funding agency VanEck is predicting $SOL may surge to $520 earlier than the yr’s finish.

Every day Chart Evaluation

The Solana every day chart highlights a transparent resistance zone round $260–$280, which has traditionally acted as a provide space the place sellers step in.

The worth is at present buying and selling at $238 after a pointy transfer upward, exhibiting early indicators of rejection close to this resistance.

The chart additionally marks a requirement zone between $180–$200, which has served as a powerful base for earlier rallies.

If Solana fails to carry momentum at present ranges, a pullback towards the $200 area seems doubtless, the place patrons would look to defend and reload.

From there, the projection favors a rebound that would retest and probably break the $260–$280 resistance zone.

A clear breakout above this degree would doubtless open the trail for a stronger continuation rally, concentrating on new highs above $300.

Weekly Chart Exhibits Cup-and-Deal with Formation

On the weekly chart, SOL exhibits a big cup-and-handle construction that has been forming for the reason that 2021 peak, with the neckline sitting within the $260–$295 zone, a essential resistance space.

The worth lately staged a breakout try from $218, indicating early momentum towards reclaiming this neckline.

If Solana can firmly break and maintain above $260–$295, it could affirm the sample and open the door to greater targets.

The primary measured transfer lies round $341–$370, which aligns with a 50% Fibonacci retracement degree and will act as the primary main profit-taking zone.

Past that, the chart highlights formidable upside targets at $450, $475, and ultimately $523, suggesting a possible run towards retesting all-time highs.

For now, the neckline stays a very powerful take a look at.

If Solana fails to interrupt above it, the value may see a pullback towards the $200–$210 assist zone earlier than making an attempt one other breakout.

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