Solana Faces Bold $460 Target As Galaxy Digital Drives Heavy Buying

Solana’s token moved into the spotlight this week as reports tied renewed upward pressure to heavy buys by major players.Traders and on-chain watchers noticed large transfers off exchanges and a rise in holding activity. That flow has pushed Solana into a fresh bout of attention from investors who watch big-wallet moves.Galaxy Digital Buying SpreeAccording to reports, Galaxy Digital has been one of the most active buyers, taking on more than $1 billion in SOL in recent days. Transfers out of exchange addresses and into private wallets were flagged by researchers.Reports have disclosed that this type of accumulation often removes supply from the market, at least temporarily, and can leave prices more sensitive to new demand.Galaxy Digital bought $1.35 Billion in $SOL this week.That’s 5.82 million $SOL accumulated in just 7 days, the largest institutional Solana purchases this year.But they didn’t buy the cycle top. They’re front-running something deeper.Solana’s onchain activity is gradually… pic.twitter.com/vzKcDxk5JE— Ash Crypto (@Ashcryptoreal) September 14, 2025Technical Support Holds Near Key LevelsTraders pointed to a cluster of support around $220–$230. That zone matters because it was a barrier that, once cleared, turned into a floor for buyers to defend.Short squeezes were also observed, where traders betting against SOL were pushed to close positions. Volume spiked on some of the upward moves, which made runs sharper, and that can speed up both gains and corrections. Galaxy Digital just bought $240.58 million in $SOL in 5 hours.Institutional accumulation is real#SOL pic.twitter.com/wG1r8qEzTg— Money Guru Digital (@Moneygurudigi) September 14, 2025Bullish Forecasts Vary WidelyBased on reports from market commentary, the range of price forecasts now stretches far. Some analysts put nearer-term targets at $250 or $300 if buying continues and technicals hold.More optimistic scenarios, often framed as longer-term or best-case outcomes, extend the outlook to $350–$450. A claim that SOL could reach $460 has circulated in some corners, but clear public backing for that exact figure appears limited in mainstream outlets.$SOLSolana is showing three major levels of interest before a strong pullback is likely. The most probable targets to watch are ~$260, ~$380, and ~$460 before a major correction sets in.The RRR ratio for longs remains poor, unless additional risk is taken on through leverage. pic.twitter.com/vuQQO3tF4V— XForceGlobal (@XForceGlobal) September 14, 2025What $460 Would RequireFor SOL to climb toward $460, a chain of events probably needs to align. Large and sustained institutional inflows would help, and the creation or expansion of SOL treasuries could remove more tokens from circulation.Regulatory clarity or the launch of regulated products that let big pools buy SOL safely would widen the buyer base.Finally, stronger real-world use on the Solana chain — more transactions, apps, and revenue — would add a fundamental argument for much higher valuations. Time also matters; even strong bull cases often play out over many months.Risks And What To WatchMarket participants warned that risks remain. If macro conditions tighten, or if network problems reappear, any rally can be cut short. Overbought readings on some indicators suggest a pullback is possible before further gains.Watch exchange flows, whether large wallets keep withdrawing SOL, and whether the $220–$230 band holds. Those signals should tell traders a lot about the likely next leg.Featured image from Shutterstock, chart from TradingViewWeiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC