Solana Eyes $135 in October as Fiserv's Stablecoin Platform Goes Live
The Solana price prediction for October remains bullish above $114.43, according to recent analysis. This level is crucial in maintaining the rising channel that has guided the price since mid-August.
The current price of $121.91 is near the midline of this channel, with the upper edge nearing $135 and only 11% away. The late-September high of $125 serves as a hurdle for reaching the channel top.
The support levels are at $114.43, followed by the channel's lower edge near $108, and the 50-day EMA at $104.40. On the other hand, resistance levels are at $125, $135, and $145, with the latter being a potential target for Solana.
The recent launch of Fiserv's digital asset platform on Solana is seen as a positive signal for the token. The platform features Roughrider Coin, a dollar-backed stablecoin from the Bank of North Dakota, which has been processed on Solana. This development may contribute to renewed ETF inflows and confirm the move towards $135.