$591 million institutional heavy position in Solana! Can SOL reach a new historical high of $1,315?

Solana (SOL) is receiving strong financial backing from listed companies—four institutions collectively hold over 3.5 million SOL, valued at $591.1 million. Driven by institutional funds, SOL has risen 11.9% in the past week, returning to the $180 mark. With a rare "cup and handle" pattern appearing in the technical analysis, the market is beginning to discuss: Does SOL have the opportunity to challenge the historical high of $260, or even achieve a super target price of $1,315?

The four major listed companies heavily invest in SOL, details of institutional holdings revealed

According to CoinGecko data, currently Upexi, Inc., DeFi Developments Corp (DeFi Dev.), SOL Strategies, and Torrent Capital are the largest institutional holders of Solana:

Upexi: Holding 1.9 million SOL, average cost 168.63 USD, total investment amount 320.4 million USD.

DeFi Dev.: Holding 1,182,685 SOL, average cost 137.07 USD, market value 198.9 million USD, unrealized gains 36.8 million USD.

SOL Strategies: Holding 392,667 SOL, average cost 166.86 USD, market value 66 million USD.

Torrent Capital: Holds 40,039 SOL, average cost $161.84, market value $6.7 million.

These four institutions hold a combined position of 0.65% of the circulating supply of SOL, indicating a high recognition of the long-term value of Solana by these institutions.

Technical Analysis: Cup and Handle Pattern Indicates Long-Term Explosion

(Source: Trading View)

Crypto analyst Ali Martinez pointed out that SOL has completed a two-year "cup and handle" pattern:

Cup bottom: Low point of 8 USD at the end of 2022

Cup top: 200 USD

Handle: Descending channel below 200 US dollars

Breakthrough Trigger: Strong Breakthrough Above 200 USD

Target price: 380 USD → 752 USD → 1,048 USD → 1,315 USD

If it reaches 1,315 USD, the market cap of SOL will be close to 710 billion USD, and it may even challenge the second position in market cap if ETH has limited growth.

Short-term Trading Outlook and Key Price Levels

(Source: Trading View)

On the 4-hour chart, SOL faces a downtrend resistance line at 186.22.

RSI: 62.5, indicates bullish but not overbought

MACD: Positive crossover above the zero line, momentum is moderate.

Candlestick: Small body + upper shadow, indicating profit-taking pressure.

Trading Strategy:

Bullish scenario: Daily closing price above 186 USD → Target 195.42 USD, 205.92 USD

Bearish scenario: Break below $186 → Retracement to $177.40 or $167 (50-SMA support)

Risk management: Long position stop loss below 177 USD, short position stop loss above 187 USD

Fundamental Support: DeFi and Institutional Adoption Accelerate

Solana continues to expand in the DeFi ecosystem, NFT market, and high-performance applications, with low transaction costs and high TPS advantages attracting more institutions and developers:

1. DeFi TVL continues to rise.

2. On-chain transaction volume growth

3. Institutional holdings continue to increase, indicating long-term confidence.

Conclusion

Institutional heavy positions + technical "cup and handle" pattern provide SOL with strong medium to long-term bullish potential. In the short term, $186 is the dividing line for bulls and bears; in the long term, if it breaks through $200 with volume, SOL may embark on an epic rally towards $1,315.