Institutional Moves and Bullish Signals Fuel Solana’s Rocket Trajectory

Analyst Predicts 1000% Solana Price Rally Amid Forward’s $1.65B for Treasury Launch

The Solana (SOL) token has been drawing increasing attention in the cryptocurrency market as optimism grows over its potential for a significant price rally. Analysts and on-chain data suggest that the high-performance blockchain’s native token could experience substantial upside, driven by rising open interest, institutional investment, and bullish technical patterns. At the time of writing, Solana trades above the $200 psychological level, having gained over 6% in the past week. This follows a recent purchase of over 104,000 SOL by DeFi Development Corp, a NASDAQ-listed Solana treasury company, which added to the token’s bullish momentum.

DeFi Development Corp’s recent activity has highlighted institutional confidence in Solana. The firm acquired the SOL via two on-chain transactions—60,000 via Bitgo and 40,379 via Kraken—amounting to over $22 million at current prices. After the acquisition, the company moved 96,868 SOL to Fireblocks’ custody, increasing its total holdings to over 192,462 SOL, valued at more than $42 million. This is a significant development in the context of broader adoption by institutional investors and treasuries, which have been increasingly allocating capital to high-cap altcoins such as Solana.

At the same time, Solana’s open interest (OI) has hit a record high of $14.68 billion, according to CoinGlass data. This represents an 8% increase in the last 24 hours and is seen as a positive sign of renewed risk-on sentiment among traders. The total trading volume for derivatives on Solana stands at $25.19 billion, further reinforcing the rising optimism. Liquidation data also indicates a stronger bearish wipeout, with $10.38 million in short liquidations compared to $6.97 million for longs.

From a technical perspective, Solana is approaching a key resistance level at the 61.8% Fibonacci retracement of $219. If the price breaks above this level, it may target the 78.6% level at $252. On the indicators, the MACD crossed above its signal line, signaling a bullish reversal, while the RSI at 61 suggests increasing buying pressure. Analysts have also pointed to a V-shaped recovery pattern on the weekly chart, which could see the price of Solana move toward all-time highs above $295.

In addition to on-chain activity, Solana’s total value locked (TVL) has hit a record $12.27 billion, driven by growth in platforms such as Raydium and Jupiter DEX. The TVL increase reflects a broader trend of rising liquidity and usage across the Solana ecosystem. Meanwhile, Solana-based memecoins have also surged in popularity, with their collective market cap rising to $12.4 billion from $7.3 billion in less than three months. This rise is accompanied by a 73% increase in DEX trading volume for memecoins over the past 24 hours.

Market commentators have expressed optimism about Solana’s potential for further gains. One analyst noted that once the $220 resistance level is breached, the price could move toward $270. Another projected a multi-stage rally, with targets at $250, $290-$300, and ultimately $350. Some technical analyses even suggest a potential rise to $1,000, fueled by the approval of spot Solana ETFs and continued institutional adoption.

While these forecasts remain speculative and must be viewed as such, the current data underscores the growing interest in Solana and its ecosystem. As more institutional investors and retail traders take notice, the blockchain’s native token appears poised for a period of sustained growth, provided key technical levels and market sentiment remain supportive.