September 19, 2025
Ex-kraken Clo Says Solana Delivers on Promises Ethereum 'Made ALMOST A DECADE AGO' thumbnail
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Ex-kraken Clo Says Solana Delivers on Promises Ethereum ‘Made ALMOST A DECADE AGO’

Marco Santori Outlines A UAE SOLANA Treasury with Bare-Metal Validators; Rekt Capital Flags A $ 238 RETEST AS SUPPORT AND KALEO SAYS $ 1,000+ SOL IS PLAUSIBLE.”, – WRITE: www.coindesk.com

Ex-kraken Clo Says Solana Delivers on Promises Ethereum ‘Made ALMOST A DECADE AGO’Marco Santori Outlines A UAE SOLANA Treasury with Bare-Metal Validators; Rekt Capital Flags A $ 238 RETEST AS SUPPORT AND KALEO SAYS $ 1,000+ SOL IS PLAUSIBLE.Updated Sep 18, 2025, 9:04 PM PUBLISHED SEP 18, 2025, 8:57 PM

New Comments from Solmat’s Marco Santori and Two Widly Followed Analysts Put the Focus on Sol’s $ 238 Pivot and What Wuld CONFIRM HIGER PRICES.

Marco Santori’s Comments In an X Thread, Santori, A Former Kraken Clo, Introduced Solmate, WHICH HE DesCRIBED AS “BRAND NEW SOLANA INFRASTRACTURE” FOR The UAE, Adding that HE WILL BE CEO.

He Said Solmate Is Aligned with the Solana Foundation and Backed by Uae Investors, and He Highlighted Addrational Support from Ark Invest, WHICH HE Characterized as A rare Data Dat.

Santori Framed Solmat’s Remit As A Digital Asset Treasury and Crypto Infrastructure Company Focused on Sol -Per-Share Growth for Shareholders.

Santori Outlined the Strategy Begind the VEHICLE by Calling Digital Asset Treasuries “Capital Accuumation Machines.” In his view, the best dat is the one with the best Access to Capital, and he argued the UAE is “the capitol of capital.”

He Said Solmate’s Sponsors Include the Pulsar Group, Positioning the Firm to Raise Fiat and Convert It Into Crypto More Eficient.

On Operations, Santori SAID SOLMATE IS PARTNERING WITH ROCKAWAYX, WHICH HE CALLED A Leader in Staking Infrastructure, and that Viktor Fischer Will Join The Board.

The plans includes staanding up-meta-metal validtors in abu dhabi to target performance and Reliability for sting, with more incits to folllow.

Santori Also Made a Broader Case for the Solana EcoSystem.

He Said Solana is the “Fastest, MOST USED” BLOCKCHAIN ​​AND IS GROUWING FASTER THAN COMPARABLE NETWORKS. He Contrasted Ith Ethereum by Saying Solana “Deliveers What Ethereum Promised,” and Closed The Thread with An Emphatic “I’M All In on It.”

Comments from Analysts on Sol’s Price ActionAnalyst Rekt Capital SAID SOL HAS BROKEN A Long-Term Downtrend and Is Now Rtesting About $ 238 —f Orlyerly Majoor MONTHLY Resistance —as Support on the Weekly Chart. He SEES A SUCCESSFUL RETEST AS CONFIRMation that Old Celing Has Flipped to A Floor, WHICH Wuld Keep The Path Open for Attemps at New All-Time Highs.

Trader Kaleo Said “$ 1,000+ Sol Isn’t A Meme,” Presenting Four-Figure Prices As Plasible; HE DID NOTE SPECIFY TIMING IN THE POST.

Coindesk Research’s Technical AnalysisTime Window. The Analysis Covers Sept. 17, 2025, 19:00 UTC to Sept. 18, 2025, 18:00 UTC.

What happled. During that Window, Sol Moved from $ 233.78 to $ 250.59 (About +7.2%), Swing About $ 19.72 In Total. That Tells US Buyers Were Generally in Control During this Period.

WHERE Buyers Showed Up. AROUND 22:00 UTC on Sept. 17, 2025, Price Pushed Above ~ $ 245 on Much Heavier Trading (~ 2.32m Units). “Heavier Trading” Means More Coins Changed Hands Than Usual.

WHEN PRICE CLIMBS ON BIGGGGGER-TAN-Normal Activity, It’s A Sign Demand Is Strong Enough To Overcome Selers. After that push, ~ $ 245 started acting like a Floor (Support) – Traders Were Willing to Buy Dips There.

WHERE SELLERS PUSHED BACK. AT 17:00 UTC On Sept. 18, 2025, Price Stalled Near ~ $ 253.44 on Very High Trading (~ 2.88m Units). That shows ~ $ 253 is a celling (resistance) – Many Traders Chose to Sell or Take Profit There, Absorbing Buy Orders.

How The Window Ended. Between 17:56 UTC and 18:55 UTC on Sept. 18, 2025, Price Eased from $ 251.55 to $ 250.40. That small, Orderly Fade After A Strong Run Is Typical Cool-Off OR Consolidation-The Market Catching ITS BREATH RATHER THAN Reversing Trend.

Levels to Watch:

  • Floors (Support): ~ $ 245 FIRST, ~ $ 238 if ~ $ 245 Breaks. Support = Areas WHERE BUYERS HAVE RECENTLY STEPED IN.
  • Ceilings (Resistance): ~ $ 252– $ 253 First, Thens ~ $ 255– $ 260 IF Price Gets Through ~ $ 253. Resistance = Areas WHERE SELLERS HAVE RECENTLY PUSHED BACK.

Bottom Line. Buyers Defended ~ $ 245; Selers Capped ~ $ 253. A Daily/4-Hour Close Above ~ $ 253 (UTC) would Likely Invite A Push Town ~ $ 255– $ 260. A drop belay ~ $ 245 would Likely Bring a check of $ 242– $ 243, then ~ $ 238.

Analysis of Latest Sol-Usd Coindesk Data Charts24-Hur Chart (Ending Sept. 18, 19:51 UTC): Range $ 237.01-$ 252.81; Coiling Above ~ $ 245 with a Ceiling ~ $ 252– $ 253. HOLD ~ $ 245 and A PUSH THROUGH ~ $ 253 would Likely Target ~ $ 255– $ 260; lose ~ $ 245 and the path is $ 242– $ 243, then ~ $ 238.

Solana (Sol) 24-HOUR PRICE Chart, Sept. 18, 2025Solana (Sol) 24-HOUR PRICE Chart, Sept. 18, 2025 (Coindesk Data)

One-Month Chart (Ending Sept. 18, 19:52 UTC): Uptrend of Highher Highs/Lows (Roughly $ 179.71 → $ 250.50). $ 238 is The Pivot: Above It Keeps The Breakout Case Clean; Below It Suggests A Pause Town The Low $ 230s Before Another Try Higher.

Solana (Sol) One-Month Price Chart, Sept. 18, 2025Solana (Sol) One-Month Price Chart, Sept. 18, 2025 (Coindesk Data)

AI Disclaimer: Parts of this Article Were Genered with The Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adhesion To Our Standards. For more information, See Coindesk’s Full Ai Policy.

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