SOL Price Prediction: Technical Breakout Targets $240 as Fundamentals Strengthen

#SOL

• Technical Breakout Potential: SOL trading above 20-day MA with Bollinger Band resistance at $245.06
• Strong Ecosystem Growth: Solana revenue growth outpacing Ethereum's early trajectory
• Institutional Adoption: Treasury accumulation and stablecoin developments supporting price momentum

SOL Price Prediction

SOL Technical Analysis: Bullish Momentum Building

According to BTCC financial analyst Sophia, SOL is currently trading at $225.87, showing strong bullish signals. The price sits above the 20-day moving average of $220.39, indicating sustained upward momentum. The MACD indicator, while negative at -0.3713, shows improving momentum with the signal line at 7.0362. Bollinger Bands position the upper resistance at $245.06, with current trading suggesting potential for testing this level in the NEAR term.

SOL Market Sentiment: Strong Fundamentals Support Growth

BTCC financial analyst Sophia notes that recent developments create a favorable environment for SOL. The Helius Treasury targeting 5% of SOL supply demonstrates institutional confidence, while Solana's DeFi expansion with Jupiter's stablecoin launch and revenue growth outpacing Ethereum's early trajectory highlight strong ecosystem development. The North Dakota stablecoin initiative and TRUMP Coin ETF listing further validate blockchain adoption, supporting positive price momentum.

Factors Influencing SOL's Price

Solana Treasury Firm Helius Targets 5% of SOL Supply, Hong Kong Listing

Helius Medical Technologies, rebranded as Solana Company, is aggressively expanding its crypto treasury strategy. The firm aims to accumulate 5% of SOL's total supply—a position worth over $6 billion at current valuations—to establish itself as a dominant institutional holder in the Solana ecosystem.

Executive Chairman Joseph Chee confirmed plans for a secondary listing on Hong Kong's exchange within six months, contingent on meeting market cap thresholds and regulatory requirements. "We will come here as soon as possible," Chee stated, highlighting Asia's strategic importance in crypto infrastructure development.

The company currently holds 2.2 million SOL tokens and has earmarked $15 million in cash reserves for further acquisitions. Chee cited Solana's 1,500+ TPS throughput and cost-efficiency as decisive advantages over Ethereum for institutional treasury operations.

Trump Coin ETF Listed on DTCC, Nears Mainstream Trading

The Trump Coin ETF, featuring a Solana-based political meme coin inspired by former President Donald Trump, has been listed on the DTCC platform under the ticker TRPC. This move signals a significant step toward broader accessibility for brokers and investors, though SEC approval remains pending.

The listing underscores the increasing integration of political meme coins into traditional finance. Solana's role as the underlying blockchain highlights its growing prominence in tokenized assets. Market observers are watching closely to see if this development paves the way for similar niche ETFs.

SOL Price Watch: Technical Breakout Eyes $241 Resistance After 32% Rally

Solana's SOL surged to $226.90, marking a 32.2% premium above its 200-day moving average as institutional interest builds. The cryptocurrency now tests key technical levels with $241.82 resistance in focus.

Trading volume hit $676 million, confirming strong buyer participation. Momentum indicators remain favorable—the RSI at 53.1 avoids overbought territory while MACD sustains bullish divergence at 0.4328.

Market structure shows disciplined price action, with SOL holding above both the 20-day ($220.44) and 50-day ($216.99) moving averages. Traders eye $225-$227 as optimal entry zone, provided volume sustains above 500 million USDT.

Bank of North Dakota Partners with Fiserv to Launch State-Backed Stablecoin 'Roughrider Coin'

The Bank of North Dakota and financial technology firm Fiserv announced plans to launch Roughrider Coin, a U.S. dollar-backed stablecoin, in 2026. The token will operate on Fiserv's FIUSD platform, a blockchain-based system enabling banks to issue and transfer digital assets. Built on the Solana blockchain, Roughrider Coin marks the first state-issued stablecoin using this infrastructure.

Governor Kelly Armstrong emphasized the innovation, stating the stablecoin will enhance efficiency and quality control in banking. The coin will be fully backed by U.S. dollars and interoperable with other FIUSD assets. This follows Wyoming's Frontier Stable Token launch in August, signaling growing state-level adoption of blockchain solutions in traditional finance.

SOL Price Prediction: Technical Analysis Points to $240 Target

Solana's SOL demonstrates bullish momentum, with technical indicators suggesting a 25% upside toward $240 by month-end. The asset currently trades at $227.69, having gained 2.27% in the past 24 hours. Analysts identify $248.57 as immediate resistance, with the 50-day SMA providing support at $216.18.

Market observers show rare consensus on SOL's trajectory. 30Rates forecasts a $240 price by October 31, while Changelly projects near-term movement to $233.33. BitScreener's long-term outlook remains most optimistic, anticipating $340.07 by 2026—a potential 50% appreciation from current levels.

The $240-250 zone emerges as critical resistance. A sustained break above $224 could accelerate gains, confirming the bullish technical setup that's drawn institutional interest throughout this market cycle.

Solana DeFi Exchange Jupiter to Launch Native Stablecoin

Jupiter, a leading decentralized exchange aggregator on the Solana network, is set to introduce its own stablecoin, JupUSD, in collaboration with stablecoin issuer Ethena. The launch is slated for Q4 2024, with initial collateralization backed by Ethena's USDtb—a product tied to BlackRock's tokenized treasury fund, BUIDL.

JupUSD will later incorporate Ethena's USDe, the third-largest stablecoin by market cap, as additional collateral. "Stablecoins are a critical component of serving global DeFi adoption," emphasized Jupiter COO Kash Dhanda. The stablecoin market has surged 75% year-over-year, now exceeding $300 billion in capitalization.

Solana Revenue Growth Outpaces Ethereum's Early Trajectory

Solana's ecosystem is experiencing unprecedented growth, with revenue surging 30 times faster than Ethereum's early development phase. The network's $2.85 billion annual revenue reflects booming activity across memecoins, AI-powered dApps, and DeFi applications.

Swiss investment firm 21Shares' October 2025 report highlights Solana's generational momentum. Validators and developers are flocking to the blockchain as transaction volumes hit $6.68 billion daily, with SOL stabilizing around $221.92 despite market volatility.

North Dakota to Issue Stablecoin With Fiserv as Digital Dollar Trend Expands

North Dakota is stepping into the stablecoin arena with the Bank of North Dakota partnering with Fiserv to launch a USD-backed token called "Roughrider Coin." The token, set to debut next year, will operate on Fiserv's digital asset platform and integrate with its FIUSD system, targeting financial institutions for faster interbank transactions and global payments.

The move aligns with the growing adoption of stablecoins, which have surged to a $293 billion market amid regulatory clarity from the GENIUS Act. Fiserv's recent Solana-based stablecoin platform further underscores the sector's momentum.

North Dakota follows Wyoming's lead in state-level crypto experimentation, reflecting a broader trend of institutional adoption. Stablecoins continue to gain traction as efficient, programmable alternatives to traditional money movement.

375ai Raises $10M in Funding Rounds Led by Delphi Ventures and Others

375ai has secured $10 million across multiple funding rounds, with $5 million led by Delphi Ventures, Strobe Capital, and HackVC. Additional participants included 6MV, ARCA, EV3, Peaq, and Heartcore, bringing the total to $10 million. The project focuses on capturing real-world data by monitoring vehicles in cities like Los Angeles, with plans to expand to New York, Miami, and internationally next year.

Using its 375 Edge technology—equipped with cameras, audio, and environmental sensors—the company tracks vehicles to transform physical-world data into structured intelligence. The network is being built on Solana, emphasizing scalability and efficiency. A partnership with Outfront Media enables 375ai to monitor over a million vehicles daily, providing critical insights into offline consumer behavior.

"There is so little known about what actually happens in the real world in any great fidelity or scale in comparison to that of online," said CEO Harry Dewhirst. "Yet, 75% of commerce happens offline, not online." Delphi Ventures' founding partner Tommy Shaughnessy added, "375ai is positioned to become core infrastructure for AI, with the ability to compress vast amounts of raw data into actionable intelligence at scale."

Is SOL a good investment?

Based on current technical indicators and market developments, SOL presents a compelling investment opportunity according to BTCC financial analyst Sophia. The cryptocurrency shows strong technical positioning above key moving averages with clear resistance levels ahead. Fundamentally, the Solana ecosystem continues to expand with significant institutional interest and product development.

The combination of technical breakout potential and strong fundamental growth drivers suggests SOL could test the $240-$245 resistance zone in the near term.