#Solana has crossed the $151 mark with strong bullish momentum, following a significant $11.5 million purchase of SOL by DeFi Dev Corp.

With Bitcoin surging to $94,000 amid a fresh bullish trend in the crypto market, Solana has broken past the $150 barrier. It currently trades at $151, with an intraday gain of 1.65%.

This follows a nearly 9% rally yesterday and confirms a breakout from a previous resistance zone. The question now is: can this breakout fuel a rally toward the psychological $200 mark?

Solana Price Breaks Past Key Supply Zone Near $150

On the daily chart, Solana’s price action shows a bullish breakout from a long-standing resistance trendline, gaining momentum. The sudden shift has pushed Solana above the 38.20% Fibonacci level at $149.20.

Additionally, the recovery has triggered a reversal in the SuperTrend indicator, signaling the beginning of a new bullish phase. The breakout above this critical resistance, aligned with the 38.20% Fibonacci retracement, increases the probability of a strong bullish continuation.

According to Fibonacci projections, the next resistance lies at the 50% level, around $166. Notably, the rally is expected to continue, as the daily RSI line approaches the overbought territory.

In this scenario, the extended price targets for Solana are the 61.80% level at $184 and the 78.60% level at $215. On the downside, key support now stands at $150—previously a resistance zone—followed by the $130 level.

DeFi Development Corp Expands Its SOL Holdings

DeFi Development Corp recently acquired 88,164 SOL tokens, valued at $11.5 million. This strong show of confidence is reinforcing bullish sentiment around Solana.

Currently, DeFi Dev Corp holds approximately 251,842 SOL tokens, valued at over $34 million, including staking rewards...

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