Solana Eyes $180 Breakout as Wall Street Money Starts Paying Attention

Solana’s SOL token isn’t just mooning—it’s dragging institutional FOMO along for the ride. With hedge funds suddenly remembering blockchain exists (just in time for bonus season), the $180 resistance looks increasingly like a speed bump.

Technical indicators show bullish momentum, but let’s be real—when has crypto ever followed indicators for long? The real question: can SOL sustain this rally once the suits take their usual 3-martini lunch profits?

Institutional Demand is Building

Institutional interest in Solana is growing. Recent data shows SOL Strategies and DeFi Dev Corp have added over 200,000 SOL to their portfolios, taking their combined holdings to over 395,000 SOL. This accumulation is a big vote of confidence in Solana’s long term potential as firms bet on its scalability, low fees and robust developer ecosystem.

Key Institutional Highlights:

• 200,000 SOL added by institutional investors

• DeFi transaction volumes over $500 million

• Robinhood looking at Solana for tokenization projects

Robinhood is also considering Solana for tokenizing US stocks which could further boost adoption and long term price.

Technical Analysis – Levels to Watch

From a technical standpoint, Solana is testing the 23.6% Fibonacci retracement at $171.14 which is close to the lower boundary of the ascending channel. A close above this level could clear the way to the $180.31 resistance which is 5% above current price.

However the RSI has just dipped below 70 and the MACD histogram is declining which suggests the rally may be losing steam. The 50 period SMA at $164.67 is the immediate support if price pulls back.