The Solana price rally is accelerating, with SOL trading at $236 and showing strong technical structure. This upward momentum is fueled by a massive $530 million corporate treasury purchase and a bullish technical setup that points toward a $300 target.
Technical Structure Supports the Solana Price Rally
The ongoing Solana price rally is built on a solid foundation. The price is holding firmly above an ascending support trendline, indicating consistent demand.
Currently, the key resistance to watch is $251. A decisive break above this level could confirm the next leg of the Solana price rally, opening a clear path toward $300. Conversely, strong support sits at $227, protecting against a deeper pullback.
$530M Corporate Purchase Fuels Institutional Optimism
The Solana price rally received a major fundamental boost from a significant corporate acquisition. “Solana Company” added $530 million worth of SOL to its treasury, signaling strong institutional confidence.
This large-scale accumulation reduces circulating supply and demonstrates growing trust in the network’s utility. Consequently, it provides a powerful vote of confidence that underpins the current SOL price rally.
Broader Ecosystem Tailwinds
Furthermore, the SOL price rally is supported by broader institutional adoption. Grayscale’s Solana Trust (GSOL) now offers staking rewards, enhancing its appeal to traditional investors.
This combination of strong technicals, massive corporate buying, and growing product offerings creates a highly bullish environment for Solana’s continued appreciation.
