Ford’s $1.65B Treasury Sets Sights on $320

Solana price has surged in recent sessions, climbing to $239.50 as fresh buying pressure pushes the market higher. The optimism has been reinforced by Ford’s $1.65 billion Treasury bet, which added weight to SOL price growth across the market. Technical charts reveal Solana breaking above a tightening ascending triangle, suggesting space for extended gains.

Solana Price Action Points Toward $320 Breakout

Solana price has successfully broken out from the ascending triangle structure, moving past the $229 resistance, and is now holding near $239. The breakout confirms a bullish continuation, and Fibonacci extensions project immediate targets around $263, aligning with the 1.618 level.

If Solana maintains strength, the long-term Solana price outlook places the next significant resistance near $320, where the 2.618 extension lies. Short-term support is seen at $229, with deeper cushions forming around $200.

Additionally, the Parabolic SAR has flipped bullish, signaling that the trend remains in favor of buyers. SOL price strength is further validated by rising volumes, which support the breakout.

However, if selling emerges, a pullback to $229 could retest former resistance as support. Sustaining above this level keeps the path clear for another leg higher. Overall, technical analysis underscores that the long-term Solana price outlook remains constructive as buyers aim toward higher levels.

Solana price action — SOL/USD 1-Day Chart (Source: TradingView)

Ford’s $1.65B Treasury Bet Sparks Strong Market Confidence

The recent Ford’s Solana Treasury bet of $1.65 billion has ignited a major wave of enthusiasm in both equity and crypto markets. The company, supported by Galaxy Digital, acquired over 2.1 million SOL, valued at nearly $486 million within 24 hours.

This aggressive allocation has lifted daily trading volumes by 27%, pushing totals beyond $11 billion. As Ford stock gained 135% in a single week, investors interpreted this as a broader validation of Solana’s role as a treasury asset.

Confidence is further elevated by Solana’s ability to process up to 14 billion transactions per second, far exceeding traditional financial markets. This has encouraged speculation that institutions may increasingly treat Solana as a preferred settlement and reserve layer.

The move also pushed Solana’s Total Value Locked (TVL) past $17 billion, marking an all-time high milestones, according to DefiLlama. As more firms consider integrating Solana in treasury strategies, the narrative around scalability and utility continues to strengthen. Overall, Ford’s bet has amplified the spotlight on SOL price, reinforcing its upward trajectory in the global market.

Summary

Solana price is positioned for an extended rally as both technical structures and institutional inflows align. The breakout above resistance levels strengthens the case for targets near $263 and $320. Ford’s aggressive Treasury strategy validates growing adoption, underscoring Solana’s institutional appeal. Together, these forces suggest SOL price has entered a decisive growth phase with strong support behind it.

Frequently Asked Questions (FAQs)

Solana’s scalability, with capacity for billions of transactions per second, makes it suitable for treasury use.

Ford’s $1.65B allocation boosted confidence across equity and crypto markets, showing institutional trust in Solana.

Galaxy Digital executed major SOL acquisitions on Ford’s behalf, facilitating large-scale treasury purchases.