Solana price is gaining significant attention as SOL DAT plans to acquire 5% of Solana total supply. This strategic move, combined with a bullish technical pattern, has many analysts projecting a breakout toward $1,300.
As institutional interest continues to grow and Solana supply tightens, its long-term outlook remains positive.
Solana Forms Bullish Cup and Handle Pattern
Solana price chart shows a well-formed cup and handle pattern, a bullish technical setup.
The pattern began in early 2022 with a price near $285 before dropping to around $18 in mid-2023. The “cup” phase completed by 2025, showing a rounded base. The “handle” part developed as a descending channel, signaling a short-term consolidation.
Solana $SOL 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 the handle’s resistance, marking the start of a potential upward breakout.
Currently, the price sits around $223, just below the neckline resistance at $285. A confirmed breakout above this level would validate analysts’ projections, with a target price of $1,300.
The cup and handle pattern is a trusted indicator for price movements. If Solana successfully breaks above $285, the bullish trend is expected to continue. This technical formation supports the prediction of a strong price rally for Solana in the near future.
Solana DAT’s 5% Supply Acquisition Strengthens Market Confidence
SOL DAT plan to acquire 5% of Solana total supply is a clear sign of increasing institutional confidence. The company, already holding a significant position in SOL, aims to consolidate control over more of the network. This acquisition will decrease the liquidity available in the market, increasing scarcity and potentially boosting Solana price.
SOL DAT’s move aligns with broader institutional interest in Solana. By holding a larger portion of Solana supply, the company aims to strengthen its position in the growing market. The reduced supply could create price reactions during bullish cycles, benefiting long-term investors.
As institutional players continue to accumulate Solana, the network’s credibility grows. This strategic acquisition by SOL DAT supports the notion that Solana is becoming a more attractive asset in the broader crypto space.
Solana Expands in Asia with Institutional Partnerships
Solana institutional expansion is also evident in Asia, where DeFi Development Corp has launched Japan’s first Solana Treasury Company. This partnership allows institutions to manage Solana-based treasuries, broadening Solana’s footprint in the region.
The Treasury Accelerator Program in Japan will help further integrate Solana into institutional markets.
Catch the latest Solana tides — here’s what’s making waves this week!
1/ @JPoolSolana team visited Singapore, joining the global crypto scene as a key media partner across multiple events.
Expanding visibility and building industry connections right at the heart of Asia’s… pic.twitter.com/fThG8J0ZpR
— JPool (@JPoolSolana) October 3, 2025
This move into Asia strengthens Solana position as a leading blockchain for institutional use. The introduction of the Treasury Company in Japan adds another layer of institutional adoption to the network.
Furthermore, Solana plans to list publicly in Hong Kong, increasing its visibility and attracting more institutional capital.
With these moves, Solana institutional presence continues to grow, and its price could see further gains. As the network gains more support and adoption, its price will likely continue to rise, possibly reaching the $1,300 target.
The post Solana News: Solana Price to Break $1,300 as SOL DAT Acquires 5% of Supply appeared first on Live .
