Solana price action remains firm near $150, backed by increasing institutional interest and strategic investments positioning SOL for a major breakout.

Solana (SOL) Holds $150 Support as Bulls Eye More Upside

Solana entered the final weekend of April trading in a tight range but managed to maintain its critical $150 support level.

As of Sunday, April 27, SOL traded between $145.97 and $150.04, before settling at $149.98, at press time with a mild 0.6% daily gain.

Solana price action | Source: Coingecko

According to Coingecko, SOL price currently posts 9.9% gain over the last seven days and a 14% rally over the past month, outperforming both Bitcoin and Ethereum on the weekly timeframe.

Market capitalization currently stands near $68 billion, securing Solana’s position as the sixth-largest cryptocurrency by total market value.

Trading volumes have remained steady above $2.2 billion, suggesting steady demand despite cautious market sentiment at the weekend.

Solana’s year-to-date gain sits at 15.8%, bolstered by a combination of faster network adoption, positive SOL ETF speculation, and the rapid expansion of decentralized finance (DeFi) projects on its blockchain.

The sustained defense of the $150 level signals that bulls are preparing for another leg higher. A clean breakout above $155 could open the door toward new peaks above $250 as Q2 2025 unflods.

DeFi Development Company Files $1 Billion Shelf Offering to Fuel Solana Investments

Even as Solana struggles to firmly clear the $150 resistance zone, fundamental news flow continues to paint a highly bullish picture.

On Friday, the DeFi Development Company (formerly Janover), trading under the ticker JNVR, filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission.

The move allows the company to issue equity, debt, or other instruments over time to fund strategic investments, notably including Solana asset accumulation and validator expansion.

Shelf offerings allow companies to register large amounts of securities upfront without selling them all immediately, giving DeFi Development Company flexibility to scale its Solana exposure when market conditions are favorable.

“We may sell any combination of these securities in one or more offerings, at prices and on terms to be determined prior to the time of the offering, with an aggregate offering price of up to $1,000,000,000,”

DeFi Development Company (formerly Janover)

DeFi Development Company’s (DDC) transition toward a Solana-focused investment vehicle mirrors Michael Saylor’s Bitcoin strategy but with important differences.

Beyond simply acquiring SOL, DDC and peers like Canada-based Sol Strategies and Upexi are also spinning up validators, actively staking their holdings, and turning Solana into a yield-generating treasury asset.

This move could significantly tighten  SOL supply available to be traded on exchanges and amplifying price rallies during periods of high market demand.

As of April 27, the DDC already holds around $34.4 million worth of SOL and intends to expand its position aggressively once SEC approval is granted. Shares of Janover (JNVR) were up nearly 5% on the news, signaling positive market reception to the plan.

As more public companies embrace Solana’s staking protocol, SOL’s price outlook for Q2 2025 appears increasingly skewed positive.

Solana Price Forecast: Falling Wedge Pattern Confirms $264 target

Solana price appears poised for further gains after breaking out of a falling wedge formation. Following 12% gains last week, Solana’s the technical indicator highlight a major upside target near $264.

After consolidating below the $150 for the better part of the last 48 hours, Solana price forecast today shows growing bullish momentum.

Solana Price Forecast

As seen in the chart below, SOL is holding steady above its 50-day simple moving average (SMA) at $129.89 and closing in on the 100-day SMA at $161.94. The resilience above $145 suggests a supportive base is forming even as market volumes decline.

The BBP oscillator, printing at 10.58, reflects ongoing bullish energy, although the recent moderation hints at a brief pause before further advances.

Should buyers overcome the $161 resistance, the falling wedge pattern confirms that a potential rally toward the $264 territory. On the downside, failure to defend the $140 support, could invite a retest of prior support near $130.

The post Solana Price Analysis: This $1 Billion SEC Filing Could Drive SOL Price to $250 in Q2 2025 appeared first on CoinGape.

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Filed under: News - @ April 27, 2025 8:26 pm