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    Four Institutions Now Hold 2.82M SOL: Solana Bulls Set Sights on $360

    3 Mins Read
    Solana Treasury Tops $427M as DFDV Loads Up on More SOL


    TLDR:

    • Four institutions now hold over 2.82M SOL valued at $577M, reflecting growing corporate exposure to Solana.
    • SOL price broke out of an ascending triangle pattern with a mid-term target projected near $360.
    • Fibonacci extensions point to $263, $277, and $321 as key levels if SOL holds above $230 support.
    • SOL price is $243.41 after a 19.6% weekly surge and 2.2% daily gain, showing strong market momentum.

    Solana is attracting deep-pocketed buyers once again. Four major entities have collectively accumulated over $577 million worth of SOL, pushing the token’s momentum higher. 

    Crypto Investor EA

    The timing comes as Solana price breaks out from a key chart formation that traders have been watching closely. Market participants are now eyeing a potential run toward $360 if current strength continues.

    According to Solana Reserve, Forward Industries leads the pack with 1.45 million SOL, followed by Galaxy Digital with 1.35 million SOL. DeFi Technologies and Neptune Digital added smaller amounts, totaling 12,800 and 9,600 SOL respectively. 

    Together, these holdings exceed 2.82 million SOL, showing heavy institutional interest.

    Solana Price Holds Above Breakout Level

    Market analyst Ali shared a chart on X showing SOL breaking out of an ascending triangle pattern. 

    The setup had been forming with consistently higher lows and strong resistance near $230. The breakout suggests momentum is shifting upward, opening the door to higher price levels.

    Fibonacci extension levels indicate price targets of $263, $277, $321, and $362. Traders view these levels as checkpoints if SOL sustains the breakout. The immediate support now sits near $230, which aligns with the former resistance zone.

    Solana is trading near $243.41 at press time, per CoinGecko data, with daily gains of 2.2 percent. 

    Weekly performance shows a 19.6 percent increase, reinforcing the bullish narrative. If buying volume holds, analysts expect SOL to track toward the projected $360 mid-term target.

    SOL price on CoinGecko

    SOL Corporate Accumulation Adds Fuel to Rally

    Large-scale accumulation by institutions often signals confidence in the asset’s outlook. Forward Industries and Galaxy Digital’s combined position alone surpasses $500 million at current prices. This level of corporate exposure has been rare for Solana compared to Ethereum.

    Market observers argue that holding above $230 will keep the bullish setup intact. Traders are watching for follow-through volume that could drive price toward $263 and $277 in the near term.

    With institutional participation growing and technical indicators aligning, Solana’s next move could set the tone for the broader market. Investors will be closely watching whether SOL can convert this breakout into a sustained rally toward the $360 target





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