Is SOL USD Poised for a Surge? $300 on the Horizon as Public Firms Accumulate Billions to Acquire Solana

Solana crypto is experiencing notable activity, with price movements proving to be encouraging. On September 8, SOL USD rose against the dollar, firmly closing above the $210 mark. Currently, Solana is within a bullish trend, showing signs of market demand that is overcoming the downturn observed in late August.

Looking at Coingecko, it is evident that SOL buyers are preparing for potential significant fluctuations. Thus far, SOL/USDT has surged +69% year-to-date. Concurrently, Solana investors are gathering momentum, as evidenced by nearly +23% growth in the past month. Following last week’s consolidation, SOL USD has appreciated about +8% during the last week of trading, supported by the candlestick patterns on the daily chart.

(Source: Coingecko)

According to Coinglass data, optimistic sentiment is gaining traction. On Binance, the leading trading network by trading volume, major traders are adjusting their positions in favor of the bulls. The long/short ratio is 1.4 for accounts and even higher at 2.6 for positions, indicating increased confidence among traders that SOL USD could continue to rise, potentially surpassing $220 toward record highs.

(Source: Coinglass)

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Is SOL USD Poised for a Surge? Should Solana Buyers Aim for $300?

Analyzing the SOL/USDT daily chart, SOL ▲4.52% is navigating a crucial barrier level zone.

Despite earlier losses in September, the bounce back from lower highs on September 7, combined with new market demand yesterday, positions SOL USD to potentially close above August’s barrier level of approximately $220 in a continuation of the buying trend.

If this close is accompanied by significant volume, it’s likely that Solana crypto will surge past $300, setting new all-time records and benefiting leading Solana meme coins along the way.

In light of this anticipated breakout, Coinglass data indicates that open interest is climbing. From around $12.36 billion on September 6, it increased to $12.80 billion by September 8. During this period, SOL USD prices rose, implying that buyers likely opened more positions.

(Source: SOL USD open interest, Coinglass)

Notably, the rise on September 8 coincided with a liquidation of leveraged short positions. More than $14 million worth of leveraged shorts were closed, marking the highest amount in over ten trading days. Such actions often precede uptrend movements as the closing of leveraged shorts provides upward momentum, potentially driving SOL USD beyond $300.

On X, one crypto holder remarked that it was time for “Solana exposure,” further establishing it as one of the top cryptos to invest in. The analyst predicts that this upward movement could propel SOL USD to as high as $260 before revisiting previous all-time highs.

(Source: Dynamite_Fix, X)

This upward movement emerges from a rising wedge pattern, with price ceiling hovering around the $215-$220 mark.

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What Will Propel The Solana Price? Is It Time To Explore?

While the technical candlestick formations in SOL/USDT indicate potential future movements, underlying fundamental aspects are crucial.

In a post on X, Ryan Watkins, co-founder of Syncracy Capital, previously Messari, argues that the anticipated Solana surge is driven by public companies investing billions in SOL.

People observed $ETH transition from $2.8K —> $4.9K purely based on DATs, yet are somehow still doubtful about the $SOL DAT environment despite them garnering comparatively greater capital for initiation.

Already $2B from $FORD, $STSS and soon another $1B+ from upcoming rumored $SOL DATs… https://t.co/84WsvfJjHQ

— Ryan Watkins (@RyanWatkins_) September 8, 2025

Comparing to ETH USD’s rise from $2,800 to nearly $5,000 in August, Watkins noted that Solana digital asset treasuries (DATs) have attracted even more funding. When these public firms start purchasing Solana in September, SOL USD is expected to surge.

On September 8, Forward Industries secured $1.65 billion in private investment in public equity (PIPE) to price floor a Solana acquisition strategy. Prominent venture capital firms including Galaxy Digital, Jump Crypto, and Multicoin Capital spearheaded this funding round.

New @solana DAT NASDAQ: FORD files 8-K with SEC announcing their $1.65 raise to transition Forward Industries Inc into a Solana Treasury Company.

“Forward Industries, Inc. Announces $1.65 Billion Private Placement in Cash and Stablecoin Commitments Led by Galaxy Digital, Jump… pic.twitter.com/bAnZs9MtlE

— MartyParty (@martypartymusic) September 8, 2025

Michael Pruitt mentioned in a press release that they have faith in the long-term viability of Solana. Their initiative aims to “develop an active Solana treasury program” and enhance value for shareholders.

As Forward Industries implements its SOL buying strategy, it will be accompanied by others, like Upexi Inc., which already possesses over 2 million SOL, and DeFi Development Corp, holding more than 1.9 million SOL.

As per Coingecko, the leading  Solana DATs presently manage over $974 million in SOL, a significant portion of which has been staked for passive income.

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The post Is SOL USD Ready to Rip? $300 Incoming As Public Companies Raise Billions To Buy Solana appeared first on 99Bitcoins.