Is SOL USD Ready to Rip? $300 Incoming As Public Companies Raise Billions To Buy Solana

Core Insights - Solana (SOL) has shown a bullish price action, closing above $210 on September 8, indicating a potential upward trend [1] - Year-to-date, SOL/USDT has increased by 69%, with a nearly 23% rise in the last month, and an 8% increase in the past week [2] - Market sentiment is shifting positively, with a long/short ratio of 1.4 on Binance, suggesting confidence among traders for further gains [3] Price Movement and Technical Analysis - SOL USD is approaching a key resistance level, with the potential to close above August highs of around $220, indicating a continuation of the buy trend [4] - A surge in trading volume upon closing could facilitate a rise past $300, setting new all-time highs [5] - Open interest in SOL USD has increased from $12.36 billion on September 6 to $12.80 billion on September 8, indicating growing buyer interest [5] Market Dynamics - The price increase on September 8 coincided with the liquidation of over $14 million in leveraged short positions, a typical sign of bullish momentum [6]