Solana (SOL) is witnessing robust upward price momentum, aiming for the $180 threshold driven by accelerating institutional investment and corporate treasury adoption. The cryptocurrency’s 24-hour trading volume surged to nearly $8 billion, reflecting heightened market activity.
Corporate adoption initiatives are amplifying bullish sentiment, with Upexi Inc. announcing plans to acquire over 1.6 million SOL tokens worth approximately $273 million. This strategic treasury expansion is slated for completion in mid-July.
Technically, SOL breached the critical $158 resistance level, establishing a foundation for potential testing of the $180 price target. Market sentiment remains decisively bullish, reinforced by $23 million in liquidated short positions shifting futures market dynamics.
The growing trend of corporations incorporating Solana into treasury reserves underscores heightened institutional confidence in SOL’s long-term viability as a digital asset class.