SOL Price Prediction: Will SOL Hit 200 USDT?

#SOL

• SOL trades below 20-day MA with bearish MACD crossover
• Institutional interest (Nasdaq filings, $600M treasury) may offset technical weakness
• 200 USDT target requires breakout above key resistance at 163.99 USDT (Upper Bollinger Band)

SOL Price Prediction

SOL Technical Analysis: Key Indicators to Watch

According to BTCC financial analyst William, SOL is currently trading at 145.74 USDT, below its 20-day moving average (MA) of 152.5095. The MACD indicator shows a bearish crossover with values at 4.4035 (signal line) and 7.8644 (MACD line), resulting in a negative histogram of -3.4608. Bollinger Bands indicate a potential oversold condition, with the price NEAR the lower band at 141.0332, while the middle band aligns with the 20-day MA.

Market Sentiment: Mixed Signals for SOL Amid Institutional Interest

BTCC financial analyst William notes that despite bearish pressure on SOL, institutional interest remains strong. News of Sol Strategies filing for a Nasdaq listing (ticker 'STKE') and Lion Group Holding's $600M crypto treasury initiative could provide long-term bullish momentum. However, short-term price action may remain subdued until technical indicators improve.

Factors Influencing SOL’s Price

Lion Group Holding Ltd. (LGHL) Stock Surges on $600M Crypto Treasury Initiative

Lion Group Holding Ltd. (LGHL) stunned Wall Street with a bold $600 million crypto treasury plan, anchored by Hyperliquid (HYPE), Solana (SOL), and Sui. The announcement propelled LGHL's stock up 26% intraday, though gains were short-lived as skepticism over execution risks and token volatility triggered a pullback.

Hyperliquid emerged as the centerpiece of LGHL's strategy, with 75% of treasury funds allocated to the derivatives-focused protocol despite only $10.6 million being initially secured. The move signals LGHL's ambition to integrate decentralized trading infrastructure with its existing services.

Solana's inclusion came through a staking partnership with BitGo, though analysts cautioned about the network's historical instability. Sui was selected for its technical speed, but questions linger about its adoption curve and liquidity depth.

The market's initial euphoria—reflected in LGHL's sharp price spike—gave way to reality checks about funding contingencies and the inherent risks of crypto treasury management. 'This isn't corporate cash parked in Bitcoin,' noted one trader. 'They're diving headfirst into altcoin volatility.'

SOL Strategies Files to List on Nasdaq in Bid for U.S. Market Access

Toronto-based digital asset firm SOL Strategies has filed with the U.S. Securities and Exchange Commission (SEC) to list on Nasdaq, aiming to tap into the world's largest economy. The company submitted a 40-F form, a requirement for Canadian firms offering securities in the U.S., and plans to trade under the ticker STKE upon approval.

Shares of SOL Strategies rose over 4% to CAD $2.38 following the announcement. The firm has been aggressively expanding its Solana (SOL) holdings, including a recent $18.25 million purchase of 122,524 SOL. Analysts at Cantor Fitzgerald note that companies investing in Solana stand to benefit as the blockchain gains traction in financial applications.

Solana (SOL) Faces Bearish Pressure Despite Investor Accumulation

Solana's native token SOL has retreated 14% this week after failing to breach the $158 resistance level, now hovering near $146. The decline coincides with stagnating network activity—weekly DApp revenue has plummeted from $100 million to under $40 million since April.

Futures markets signal growing skepticism. Open interest surged 19% to 45.7 million SOL ($6.7 billion), while funding rates flatlined at 0%, reflecting heavy short positioning. Yet on-chain data reveals continued accumulation by long-term holders, suggesting divergent views between traders and investors.

Two potential catalysts loom: the SEC's reconsideration of spot ETF applications and Solana's lead in tokenizing real-world assets. The network processed over $1.5 billion in stablecoin transfers last week—a 22% monthly increase—hinting at underlying utility despite price weakness.

Canadian Solana Firm Sol Strategies Seeks Nasdaq Listing Through SEC Filing

Sol Strategies, a Canadian firm specializing in the Solana blockchain ecosystem, has filed Form 40-F with the U.S. Securities and Exchange Commission (SEC) to list on the Nasdaq exchange under the ticker symbol STKE. The Ontario-based company, currently trading as HODL on the Canadian Securities Exchange, aims to expand its presence into the U.S. market.

The announcement spurred a 4.4% rise in the company's stock price. Sol Strategies holds over 420,000 SOL tokens, valued at approximately $61.32 million as of June 2. Despite a net loss of $3.5 million in Q1 2025 and a 17% year-to-date decline, the firm raised $500 million in April through convertible notes to acquire and stake SOL tokens.

Nasdaq, the world's second-largest stock exchange with a $30.12 trillion market capitalization, represents a significant milestone for Sol Strategies. Canadian firms must file Form 40-F to list securities on U.S. exchanges.

Solana-Focused Sol Strategies Files for Nasdaq Listing Under Ticker 'STKE'

Sol Strategies, a Canadian Stock Exchange-listed company, has filed with the U.S. SEC to trade on Nasdaq—marking a pivotal moment for institutional adoption of Solana. The firm, which operates validators on Solana's blockchain, holds over 420,000 SOL tokens ($61.7M) as treasury assets, mirroring MicroStrategy's bitcoin accumulation strategy.

The proposed Nasdaq listing under ticker 'STKE' could channel mainstream capital into Solana's ecosystem. Investors anticipate heightened bullish sentiment, leveraging Solana's 65,000 TPS throughput for staking rewards and network security enhancements.

Will SOL Price Hit 200?

William from BTCC suggests SOL faces near-term resistance at the 20-day MA (152.51 USDT). For a rally toward 200 USDT, bullish catalysts like successful Nasdaq listings or broader market recovery are needed. Key levels to watch: