Solana Price Prediction: SOL Eyes $275 Milestone Backed by Standard Chartered and $1B Prospectus Filing
The post Solana Price Prediction: SOL Eyes $275 Milestone Backed by Standard Chartered and $1B Prospectus Filing appeared on BitcoinEthereumNews.com.
SOL Solana Price Eyes $167 Reclaim as $1B Prospectus and Institutional Support Signal Long-Term Confidence. SOL Solana price is hovering near key support levels, trading just below $167 after a shaky start to the week. While short-term charts look uncertain, the big picture is starting to show real signs of strength, especially with institutions stepping in and long-term plays taking shape. SOL Strategies Prepares $1B Prospectus for Solana In a fresh sign of long-term planning within the Solana ecosystem, SOL Strategies Inc. has filed a $1 billion preliminary base shelf prospectus, giving it the flexibility to raise capital as needed. This opens the door for future funding rounds aimed at increasing operations, investments, and responding quickly to new opportunities as they come up. SOL Strategies boosts long-term exposure purchases with $1B base shelf prospectus filing. Source: SolanaFloor via X Backing that intent with action, the firm also revealed a purchase of 26,478 SOL this week for USD $4.7 million, pushing its total SOL holdings to 420,355 SOL, currently valued at around CAD $100 million. These numbers show a clear, active strategy to build long-term exposure to Solana. Neckline Support Under Pressure as SOL Solana Price Tests Pattern While SOL Strategies’ $1B prospectus points to growing confidence in Solana’s long-term future, the short-term technical picture looks far less settled. As pointed out by crypto analyst CryptoWTFrog, SOL is showing signs of an “M-top” pattern, with price now testing a critical support zone. A breakdown from here could open the door to deeper downside, especially if bulls fail to step in with conviction. SOL tests key neckline support amid signs of an “M-top” pattern, raising risks of a deeper move toward $130. Source: CryptoWTFrog via X Despite recent accumulation, like the $4.7M SOL buy disclosed this week, the market isn’t reacting with…
Filed under: News - @ June 1, 2025 7:24 am