GLXY Stock Price Eyes 30% Rally on Key Crypto Narrative: Here’s How

For GLXY stock, CMF has stayed below zero since about August 13. That long stretch meant large investors were not adding to the stock.

This week, CMF moved above zero. That change is simple but important. A move from negative to positive after weeks in the red suggests big investors are coming back.

It is not a guarantee, but it often shows how institutions feel about the stock and how they are moving funds into it.

The last time CMF crossed up like this was in July. After that earlier flip, GLXY stock ran higher for some time. If the new CMF pattern stays intact, it could point to a similar follow-through now.

Solana Price Momentum Adds to the Push

Galaxy Digital has also made bold bets on Solana. On-chain data shows Galaxy added more than $536 million in SOL recently.

Reports also point to a joint $1 billion Solana treasury plan with Jump and Multicoin.

Galaxy Digital Bets on Solana | Source: X

At the same time, Solanas own rally is hard to ignore. SOL price is up 6.3% in the past 24 hours and trades near $237. On a weekly basis, it has climbed more than 15%.

This raises a key question: Is Solanas strength rubbing off on GLXY stock？ Traders think it might be. In past cycles, strong altcoin momentum has often lifted stocks tied to digital assets.

With Galaxy directly exposed to Solana through its holdings, the link looks even stronger this time. And the GLXY stock might just be riding the “Solana Season” crypto narrative.

Galaxy Digitals Fundamentals Support the GLXY Stock Rally

Beyond flows and narratives, Galaxys financials add weight to the bullish view on GLXY stock. In Q2, the firm posted $30.7 million in net income, a sharp recovery after a $295 million loss in Q1.

Adjusted EBITDA came in at $211 million, showing strong core performance.

GLXY Stock And Financials | Source: Galaxy Digital

Galaxy Digital now holds $3.56 billion in total crypto assets. This includes 17,102 BTC, 90,521 ETH, and over 1 million SOL. These reserves give the company direct exposure to market gains.

The business itself is also diverse. Galaxy runs an asset management arm with $1.6 billion under management, principal investments worth more than $2 billion, and trading operations across 90 different tokens.

It also has Bitcoin mining operations and a growing investment banking arm.

All of these lines of business connect Galaxy to both institutional and retail money. With Bitcoin near all-time highs and Solana showing new momentum, Galaxy sits at the center of the crypto narrative, more so the “Solana Season” one.

GLXY Stock Price Action | Source: TradingView

For traders, GLXY stock price now shows a mix of technical strength, Solana-driven energy, and solid fundamentals. If the CMF signal holds and Solana‘s rally continues, the stock could have a clear path toward $37.81, a gain of nearly 30% from today’s levels.