Forward Industries has ramped up its Solana exposure, now holding 6.8M SOL, equal to 40% of the Strategic Solana Reserve. Out of the reserve’s total 17M $SOL (worth $4.1B), Forward stands out as the largest holder, reinforcing institutional conviction in Solana’s long-term trajectory.
On the chart, #solana remains healthy as long as price holds above the $230 support zone. This critical level continues to protect the structure, keeping the door open for a push toward reclaiming all-time highs.
The MACD indicator reflects ongoing profit-taking, but it is approaching a close that could trigger fresh momentum. Traders should stay alert — a decisive hold above $230 positions Solana for a breakout move, with upside targets near $262 in the short term.
Institutional accumulation combined with strong technical structure underscores Solana’s strength heading into Q3. With heavy buying from Forward Industries and bulls defending support, SOL remains one of the most strategically poised assets in the market.
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