Solana price nears $250 with Galaxy Digital adding $306M and Forward Industries launching a $1.58B treasury, boosting institutional demand.
Solana (SOL) has gained considerable attention in the market as institutional investors, including Galaxy Digital and Forward Industries, increase their holdings.
Analysts are now projecting a potential surge in Solana’s price, with a target of $1,250. This rising institutional interest, combined with strong technical patterns, sets the stage for Solana to break through key price resistance levels.
Solana’s Ascending Triangle and Breakout Potential
Solana is currently trading around $233, positioning itself near the upper boundary of an ascending triangle pattern. The chart displays a consistent series of higher lows, indicating that upward pressure is building. This pattern often signals a potential breakout when the price reaches the top of the triangle.
$SOL is forming a massive Ascending Triangle on the Weekly timeframe..!!
A confirmed weekly close above $250 will be the official trigger for the SOL Bullrun of 2025–26.. 🚀
Accumulation phase won’t last forever Buy now or Regret later!
🎯 Longterm Target: $1,250#Crypto… pic.twitter.com/233qZ4wbDv
— Captain Faibik 🐺 (@CryptoFaibik) September 15, 2025
A close above $250 on the weekly chart would likely trigger the breakout, potentially pushing Solana’s price significantly higher.
Analyst Captain Faibik suggests that the breakout could lead SOL toward a target of $1,250. With resistance at $250 and support around $190, the chart suggests that a key move is approaching, and the market is preparing for a decisive phase.
Galaxy Digital and Forward Industries Strengthen Solana Accumulation
Galaxy Digital recently made a notable purchase of $306 million in SOL, marking a significant increase in its investment. This addition further solidifies the company’s strategy to accumulate Solana, reflecting strong institutional confidence in the asset.
The purchase has attracted significant attention, underscoring the growing demand for Solana among large players in the market.
Galaxy Digital bought another 1.2M $SOL($306M) in the past 24 hours.
Their total buys over the past 5 days have now reached ~6.5M $SOL($1.55B).https://t.co/f4FXOfK0vJ pic.twitter.com/NQ9da23mzm
— Lookonchain (@lookonchain) September 15, 2025
Similarly, Forward Industries has also made a major move by acquiring over 6.8 million SOL for a total of $1.58 billion.
At an average price of $232 per token, Forward Industries now holds one of the largest SOL treasuries among institutional investors. These moves, alongside Galaxy Digital’s continued buying spree, highlight the rising institutional interest that supports Solana’s bullish price action.
Institutional Activity and Market Impact
The increasing institutional activity surrounding SOL is boosting the overall market confidence in the asset. With Galaxy Digital and Forward Industries’ substantial purchases, Solana is seeing an inflow of liquidity that could support further price growth.
Institutional participation is seen as a key factor in stabilizing and driving growth in the market.
As Solana’s technical setup continues to tighten, the market is closely watching for a breakout above $250. If the price manages to sustain this breakout, it could trigger a wider rally, potentially leading to a surge toward the $1,250 target.
The combination of strong technicals and institutional backing is positioning Solana for a major price move.
