SOL Price Prediction: Solana Breaks $209 as Galaxy Digital Launches SEC-Registered GLXY Tokens – Is SOL Ready for New Highs?

SOL price prediction scenarios have intensified as Solana broke through $209 resistance levels while Galaxy Digital made blockchain history by launching SEC-registered GLXY tokens directly on the Solana ￰1￱ marks the first time a publicly listed ￰2￱ has been issued natively on a major public ￰3￱ analysis reveals SOL maintaining its position above key ascending support around $190-200, with multiple projections targeting $225-291 in the coming ￰4￱ Digital Develops Blockchain Equity Integration Galaxy Digital launched tokenized GLXY shares , allowing holders of SEC-registered Class A common stock to convert shares into native tokens on ￰5￱ on-chain GLXY represents an actual share with identical legal and economic rights as traditionally held stock, not wrapped ￰6￱ tokenization process requires KYC verification through Superstate, Galaxy’s digital transfer ￰7￱ allowlisted addresses can hold or receive tokens, which is implemented to preserve shareholder records and meet AML obligations while allowing corporate ￰8￱ Digital launches tokenized GLXY: convert SEC-registered Class A shares into tokens on Solana via Superstate. #Galaxy $GLXY ￰0￱ — ￰9￱ (@cryptonews) September 3, 2025 Galaxy selected Solana for its speed, throughput, and growing role as a high-volume spot trading Layer-1 ￰10￱ firm emphasized primary issuance on L1 networks to preserve unilateral exits and minimize centralized control points, though Ethereum support is planned for future ￰11￱ restrictions currently limit tokenized GLXY to bilateral transfers between KYC-approved ￰12￱ and DEX trading remains unavailable pending regulatory clarity, though Galaxy argues automated market makers should function as autonomous escrow mechanisms rather than regulated ￰13￱ Support Structure Maintains Bullish Framework As the market is gearing up, SOL’s 4-hour chart maintains its position above the key ascending trendline support that has provided a foundation throughout the rally from $120 to the current $209 levels.) September 3, 2025 SOL is currently around $208, and occupies middle channel territory with projected decline toward $190-200 support before rallying toward $240 upper boundary.

Multi-target analysis reveals SOL positioned within converging trendlines, with horizontal resistance levels marked at $174.36, $211.99, $ 224.10, and $291.04.