Solana’s price targets $1,300 while SOL DAT gains 5% of supply, supported by bullish technical patterns and growing institutional support.
Solana’s price is receiving a lot of attention as SOL DAT plans to acquire 5% of Solana’s total supply. This strategic move, combined with a bullish technical pattern, has many analysts predicting a breakout towards $1,300.
While institutional interest continues to grow and Solana’s supply shrinks, the long-term outlook remains positive.
Solana forms a bullish cup and handle pattern
The Solana price chart shows a well-formed cup and handle pattern, a bullish technical setup.
The pattern started in early 2022 at a price near $285 before falling to around $18 in mid-2023. The “cup” phase completed in 2025, with a completed base. The ‘handle’ portion developed as a descending channel, indicating near-term consolidation.
Solana $SOL it looks like it’s breaking out of a cup and handle. If confirmed, the pattern points to $1,300. pic.twitter.com/RCHVmK6Vjd
— Ali (@ali_charts) October 7, 2025
In July 2025, Solana broke above handle resistance, marking the beginning of a possible upside breakout.
Currently, the price is around $223, just below the neckline resistance at $285. A confirmed breakout above this level would confirm analyst predictions, with a price target of $1,300.
The cup and handle pattern is a reliable indicator of price movement. If Solana successfully breaks above $285, the bullish trend is expected to continue. This technical formation supports the prediction of a strong price increase for Solana in the near future.
The acquisition of 5% by Solana DAT strengthens market confidence
SOL THAT The plan to acquire 5% of the total Solana supply is a clear sign of increasing institutional confidence. The company, which already has a significant position in SOL, is looking to consolidate control over a larger part of the network. This acquisition will reduce the available liquidity in the market, increasing scarcity and potentially driving up the price of Solana.
SOL DAT’s move is in line with the broader institutional interest in Solana. By controlling a larger share of the Solana offering, the company aims to strengthen its position in the growing market. The reduced supply could trigger price reactions during bullish cycles, which would benefit long-term investors.
As institutional players continue to accumulate Solana, the network’s credibility grows. This strategic acquisition by SOL DAT supports the idea of Solana becoming a more attractive asset in the broader crypto space.
Solana expands in Asia with institutional partnerships
Solana’s institutional expansion is also evident in Asia, where DeFi Development Corp has launched Japan’s first Solana Treasury Company. This partnership will allow institutions to manage Solana-based government bonds, expanding Solana’s footprint in the region.
The Treasury Accelerator Program in Japan will help Solana further integrate into institutional markets.
🌊 Check out Solana’s latest tides — here’s what’s making waves this week!
1/ @Jpoolsolaola team visited Singapore and joined the global crypto scene as a key media partner at multiple events.
💬 Increasing visibility and building industrial connections in the heart of Asia… pic.twitter.com/fThG8J0ZpR-jpool (@jpoolsolaa) October 3, 2025
This move into Asia strengthens Solana’s position as a leading blockchain for institutional use. The introduction of the Treasury Company in Japan adds a new layer of institutional adoption to the network.
In addition, Solana plans to list in Hong Kong, increasing visibility and attracting more institutional capital.
With these moves, Solana’s institutional presence continues to grow, and its stock price could rise even further. As the network gains more support and acceptance, the price will likely continue to rise and possibly reach the $1,300 target.
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