Recent insights from Marco Santori, the newly appointed CEO of Solmate, along with commentary from two well-known analysts, have put the spotlight on Solana (SOL) and its price movements. Santori expressed strong optimism for Solana, stating that it delivers on the promises made by Ethereum nearly a decade ago.
In a discussion on X, Santori shared details about Solmate, which he described as a “brand new Solana infrastructure” project focused on the UAE market. He affirmed that the company aligns with the Solana Foundation and has attracted backing from investors based in the region, including support from Ark Invest, which Santori noted represents a rare investment in Digital Asset Treasuries (DAT) by an exchange-traded fund (ETF).
According to Santori, Solmate’s primary mission is to function as a digital asset treasury and crypto infrastructure firm aimed at maximizing share value for its stakeholders. He characterized digital asset treasuries as “capital accumulation machines,” arguing that the most successful ones are those with the best access to capital. Santori emphasized that the UAE serves as a central financial hub, dubbing it the “Capitol of Capital.”
To enhance its operational efficiency, Solmate has formed a partnership with RockawayX, recognized for its leadership in staking infrastructure. Notably, Viktor Fischer will join Solmate’s board, further strengthening the firm’s governance. Plans are underway to establish bare-metal validators in Abu Dhabi, aiming to optimize performance and reliability for staking activities.
Expanding on Solana as a blockchain network, Santori highlighted that it is currently the “fastest and most used” platform, experiencing rapid growth that outpaces parallel networks. He concluded his remarks with enthusiasm for Solana’s potential, declaring, “I’m all in on it.”
Adding to the momentum surrounding Solana’s prospects, analysts have also been commenting on potential price movements for SOL. Rekt Capital noted that SOL has managed to break a long-standing downtrend and is now testing crucial support around the $238 mark, which was previously viewed as a significant resistance level. A successful retest of this price could signal a shift that opens the door for new highs.
Trader KALEO further fueled bullish sentiment, suggesting that a price exceeding $1,000 for SOL is plausible, though he refrained from providing a specific timeline for this projection.
Analyzing the technical movements of SOL, CoinDesk Research observed a bullish trend from September 17 to September 18, with SOL rising from approximately $233.78 to $250.59, representing a gain of around 7.2%. Trading activity surged during a significant price push past $245, indicating strong demand, while resistance emerged again near the $253 level as selling pressure increased.
The market strategy seems clear: key support levels to watch for SOL include approximately $245 and $238, while resistance lies between $252 and $253. A close above the $253 mark could trigger further price advances toward the $255 to $260 range, whereas a drop below $245 may prompt a revisit of the $242 to $243 areas.
In conclusion, both the strategic initiatives highlighted by Solmate’s CEO and the bullish sentiments expressed by analysts signal a potentially vibrant future for Solana, with SOL’s recent price actions reflecting a promising market environment.
