Solana (SOL) is entering an acceleration phase as it draws significant institutional investment while enhancing its technical framework with distinct breakout signals.
Being chosen for the US pilot program to publish GDP data on-chain further solidifies Solana’s role as a key blockchain infrastructure. This advancement opens up possibilities for SOL price increases in the near future.
Breakout Momentum Confirms the Trend
Solana (SOL) continues to attract attention from DATCOs. Recently, Sharps Technology announced the successful raising of over $400 million to pursue a digital treasury strategy with SOL as its main asset.
In addition, DeFi Development Corporation boosted its holdings by 407,247 SOL, bringing its total to 1.83 million. These actions demonstrate how institutional capital increasingly identifies Solana as a strategic asset, providing robust support for the SOL price.
From a technical perspective, chart patterns indicate notable signals. After a consolidation phase, SOL broke out of an ascending triangle on the 12-hour chart with significant volume. Analyst Ali projects that the next target post this movement could see SOL reaching $300 soon.
However, before reaching $300, SOL must navigate several short-term resistance levels. Recently, on the daily chart, SOL posted a daily gain at the $201 resistance zone, confirming a higher low and rebounding to $216.
“Reclaiming $216 triggers bullish continuation to $238 as 1st target,” a user on X pointed out.
Other opinions indicate that SOL may attempt to breach resistance at $235 before targeting a new all-time high (ATH).
Some analysts are even more optimistic on longer timeframes, suggesting that SOL could reach $500 in Q1 2026.
Collectively, these analyses indicate that the bullish trend is confirmed as SOL continues to establish higher lows and successfully reclaim critical resistance levels. Nonetheless, investors should proceed with caution, as a failure to maintain the breakout zone could result in a “false breakout,” overturning bullish expectations.
Alongside the price surge, Solana also gained a macro boost. Utilizing Chainlink, the US Department of Commerce is piloting the on-chain publication of GDP data across blockchains, including Bitcoin, Ethereum, Solana, Tron, Stellar, Avalanche, Arbitrum, and Polygon. This is the first instance of government-level economic data being distributed on-chain, evaluating transparency and transmission speed.
Solana’s robust performance and high throughput led to its selection as one of the blockchains for this pilot. This reinforces Solana’s infrastructure narrative: it transcends being merely a blockchain for DeFi and NFTs, serving as a foundational layer for economic data applications, traditional finance, and RWA products.
The post Solana Price Surge: US Pilot and Institutional Support appeared first on BeInCrypto.
