IB Supports SOL, Galaxy Doubles Down

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David Pokima

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David Pokima

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Jun 2023

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David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news.


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CryptoNews Editorial Team

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Sep 2018

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The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

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Solana is holding its breath, trading at the $84 price level, it is barely moving with just 1% gain in the last 24 hours, as opposed to BTC 2.4% gain and ETH 4.5%, even with bullish catalysts that bring a good prediction. Institutional heavyweights Interactive Brokers and Galaxy Digital signal a deepening commitment to the network, and could force a directional move soon.

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Institutional pressure is building on both sides of the trade. Galaxy’s continued positioning in SOL infrastructure and Interactive Brokers’ expanded support for the asset add credibility to the bull thesis, even as the broader market sits in near-extreme fear.

The macro headwinds are real. But so is the on-chain growth underpinning SOL’s longer-term case. ETF inflows into Solana products remain a live catalyst that institutional desks are watching closely.

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Solana Price Prediction: $95 or $75 Next?

SOL has been compressing in a tightening range under $90, a setup that can resolved with a sharp move in either direction. At $84 with a 1.5% single-day decline, the immediate picture looks defensive, but RSI sits at 46, a technical buy signal that suggests sellers haven’t fully taken control yet.

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Resistance is stacked. Immediate ceiling at $88, then the $90.50–$91 zone, with $95 acting as the breakout trigger that unlocks the bull case. Above that level, we can safely target $115–$125.

SOL USD, TradingView

But a breakdown below the $75 support zone opens the door to deeper downside. The setup is binary. Position sizing accordingly.

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Maxi Doge Targets Early Mover Upside as Solana Tests Key Levels

SOL at $84 with a $95 breakout requirement means most of the easy money on this trade has already been made. For traders calculating risk-reward on a market-cap-weighted basis, the upside from here demands patience and assumes macro conditions cooperate. That’s where early-stage positioning starts looking different on a spreadsheet.

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Maxi Doge ($MAXI) is an Ethereum-based meme token built around a 240-lb canine juggernaut and a 1000x leverage trading mentality, genuinely unhinged energy, deliberately so.

The project has raised more than $4,7 million at a current price of $0.00028, with 66% staking APY bonus available for holders. Features include holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and meme-first marketing built on viral gym-bro humor.

Research Maxi Doge and join the army.

This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile. Always do your own research before investing.


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