Solana (SOL) is entering an acceleration phase by attracting large institutional flows, while reinforcing its technical strength with clear breakout signals.
Solana's selection for the US pilot program to publish GDP data on-chain further solidifies its position as a strategic blockchain infrastructure. This development opens prospects for soon breaking through to higher price levels for SOL.
Breakout momentum confirms the trend
Solana (SOL) continues to capture the attention of DATCOs. Recently, Sharps Technology announced it has raised over $400 million to implement a digital treasury strategy with SOL as its main asset.
Meanwhile, the DeFi Development Corporation increased its holdings by 407,247 SOL, totaling 1.83 million. These moves highlight how institutional capital increasingly views Solana as a strategic asset, creating strong support for SOL's price.
From a technical standpoint, the chart structures also reveal convincing signals. After a consolidation phase, SOL broke out of an ascending triangle on the 12-hour chart with significant volume. According to analyst Ali, the next target after this movement may see SOL reaching $300 soon.
SOL price chart for the 12-hour period. Source: Ali on X
However, before reaching $300, SOL must first overcome several short-term resistance levels. On the daily chart, SOL recently recorded a daily gain in the resistance zone of $201, confirming a higher low and returning to $216.
"Recovering $216 triggers continuation to $238 as the first target," commented a user on X.
Other opinions suggest that SOL is trying to break the resistance at $235 before seeking a new all-time high (ATH).
SOL price chart for the 1-day period. Source: Mr. Peters on X
SOL's rise gains strength with government support
Some analysts are even more optimistic in longer time frames, projecting that SOL's price could reach $500 in the first quarter of 2026.
These analyses collectively indicate that the bullish trend has been confirmed, as SOL continues to record higher lows and successfully recovers key resistance levels. However, investors should remain cautious, as failure to maintain the breakout zone could trigger a 'false breakout', reversing bullish expectations.
Along with the price increase, Solana also received a macro boost. Using Chainlink, the US Department of Commerce is piloting the on-chain publication of GDP data on blockchains, including Bitcoin, Ethereum, Solana, Tron, Stellar, Avalanche, Arbitrum, and Polygon. This is the first time that government-level economic data is distributed on-chain, testing transparency and transmission speed.
Solana's strong performance and high processing capacity led to its selection as one of the blockchains for this pilot. This strengthens the infrastructure narrative of Solana: it is not just a blockchain for DeFi and NFTs, but a fundamental layer for economic data applications, traditional finance, and RWA products.
The article 'Solana's price rises after being used in the US GDP project' was first seen on BeInCrypto Brazil.
