$77M DeFi Dev Corp Buy Sparks Path Toward $300

Solana price continues to coil inside an ascending symmetrical triangle, a structure that often signals an explosive breakout once pressure peaks. The token trades around $210, repeatedly pressing against the $220 ceiling while defending higher lows. Key support levels near $195 remain intact, helping sustain the formation’s integrity. Adding to the spotlight, DeFi Dev Corp’s $77 million Solana bet has reinforced institutional confidence at a critical moment.

Solana Price Action Tightens Toward Breakout

The Solana price has been tracing higher lows since early summer, forming the triangle’s rising base while $220 remains the cap. Each touch of that barrier shows resistance, yet buyers keep coming back with stronger footing.

Supports at $195 and $181 have absorbed pressure effectively, maintaining the pattern’s bullish tone. A confirmed break above $220 could lift the token toward $244 and $260 before challenging the more psychological $300 threshold.

If the current price fails at resistance, a drop toward $181 would test the lower boundary of the structure. With the triangle narrowing, volatility is expected to return sharply.

Indicators confirm that the bias leans toward buyers, even as consolidation continues. The Directional Movement Index shows +D at 27, holding above –D at 12, reflecting clear buyer control.

Meanwhile, the ADX prints at 28, a level that signals a firm trend with capacity to extend further. Such conditions often precede continuation when resistance is tested multiple times. If Solana clears $220 while ADX climbs above 30, the path toward $244 and $260 strengthens.

From there, a run toward the $300 milestone becomes increasingly realistic as technical and psychological drivers converge. Overall, the indicator alignment supports a bullish long-term Solana price forecast.

SOL/USD 1-Day Chart (Source: TradingView)

DeFi Dev Corp Expands Solana Holdings With Bold $77M Purchase

DeFi Dev Corp reaffirmed its conviction by purchasing $77 million in Solana, adding 407,247 tokens to its holdings and raising its total to 1.83 million SOL. This accumulation makes it the largest public holder of the asset with a market value of about 371 million dollars.

The acquisition was financed by an equity issue, which has over 40 million dollars to be used in future acquisition.

More than merely holding, the company ensured that its tokens will be staked among the validators, which will embed more profound dedication to the ecosystem and produce long-term rewards. To retail players, this kind of corporate conviction lends credence to the growth narrative of the asset.

It is an indication of the growing perception of Solana as not only a speculative play, but a network to be included in long-term plans. Taken together, the expansion signals faith in Solana’s trajectory while aligning with the bullish technical picture.

Summary

The Solana price sits at a decisive junction as its triangle formation approaches resolution. Technical readings tilt in favor of buyers, and institutional backing strengthens the case for higher levels. A clean break above $220 could accelerate the push toward $244 and $260, with the $300 mark standing as the broader target. Until that moment arrives, Solana coils tightly within its structure, preparing for the next major move.

Frequently Asked Questions (FAQs)

Solana price is consolidating in an ascending symmetrical triangle, a setup that often leads to sharp breakouts once resistance is cleared.

The DMI indicator shows buyers are in control, reinforcing the potential for Solana to break past $220 and target higher levels.

The purchase increased its holdings to 1.83 million SOL, worth $371M, showing strong institutional conviction and reinforcing long-term trust in Solana’s growth.