$2.7M SOL Treasury Buy Hints at Confidence — Could $200 Be Back on the Table?

A recent $2.7 million treasury purchase of Solana (SOL) has reignited speculation around the token’s long-term potential. This bold accumulation suggests growing institutional or project-level confidence, hinting at a possible shift in momentum. With SOL trading just below key resistance levels, market watchers are beginning to ask: is this the early signal of a rally that could push Solana back toward the $200 mark? Solana Eyes New Highs Amid Price Swings Source: tradingview Solana (SOL) trades between $138 and $162, showing a recent uptick of over 4% in a week. Despite a monthly dip of just over 3%, the coin holds promise. Key support stands near $122, with resistance looming at $170. If it crosses the second resistance at $194, SOL sees a potential surge, possibly rising by around 20% from current levels. Though it dropped around 31% over six months, the market shows interest, signaling potential growth. A balance between current price support and short-term growth indicates SOL may soon test upper limits with renewed momentum. Conclusion The strategic $2.7 million SOL buy has added a bullish undertone to Solana’s current market position. While resistance levels still need to be cleared, the renewed confidence and improving technical signals point toward a possible upward breakout. If momentum holds, SOL could once again approach the $200 range—turning this treasury move into a potential turning point for the asset’s mid-term trajectory. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Bitzo