Solana Price Chart Signals 89% Upside: Will $150 SOL Price Breakout Ignite the Next Bull Run?

The Solana price today has once again caught the market’s attention after Cathie Wood’s ARK Invest added $5.2 million worth of Solana ETF shares to its portfolio. This strategic move aligns with a broader trend of growing institutional interest in the altcoin, and it comes just as the Solana price chart inches toward a potential breakout. With the current price at $148.87, the market is speculating whether SOL can rally nearly 89% from its recent lows. Let’s discover how this might unfold next.

ARK Invest Adds Fuel to Solana’s Bullish Case

On April 21, ARK Invest, through its ARKW and ARKF ETFs, invested in Canada’s 3iQ Solana Staking ETF (SOLQ), acquiring 500,000 shares worth approximately $5.2 million. This marks one of the first instances of U.S.-listed funds gaining direct exposure to Solana, reflecting increased institutional confidence in the project. The Solana price chart is now showing early signs of a breakout after a weeks-long downtrend. With a weekly gain of over 5% and a daily increase of 6.96%, sentiment is gradually shifting from caution to cautious optimism.

Solana Price Chart Nears Breakout Amid Bullish Technicals

The Solana price chart is currently positioned at a critical inflection point. After bottoming near $95.33 earlier this year, SOL is now eyeing a recovery above the $150 resistance mark. If SOL successfully breaks above this barrier, analysts anticipate an 89% rally that could propel prices toward the $180–$190 range.

Institutional backing further strengthens this bullish case. A major milestone in U.S.-listed funds engaging with Solana was reached on April 21 when ARK Invest added $5.2 million in Solana exposure through the 3iQ Solana Staking ETF (SOLQ). This move places Solana in ARK’s portfolio alongside blue-chip tech companies and has drawn widespread attention.

Chart 1 – SOL/USDT Price, provided by Soldout_Vin, published on TradingView, April 22, 2025.

Adding momentum, another Coinglass data shows long liquidations at $1.02 billion versus $412 million in shorts, a 142% difference, signaling growing long interest. The Long-to-Short Ratio of 1.0096 confirms a slight bullish tilt. Meanwhile, trading volume surged to $4.69 billion in 24 hours.

Chart 2: SOL Exchange Liquidation Map, published on Coinglass, April 23, 2025.

Upexi Inc.’s $100 million Solana treasury strategy and 630% stock rally further highlight institutional optimism. Still, caution is warranted. If it fails to hold above $150, SOL price support at $130 or even $110 could come back into play, depending on broader crypto market conditions.

Solana Price Outlook: Breakout or Consolidation Ahead?

The outlook for Solana remains cautiously optimistic. With increasing institutional adoption, positive derivatives data, and a compelling price structure on the charts, the altcoin has a solid foundation for a potential breakout. However, this move must be supported by sustained buying volume and market-wide bullish momentum. If SOL can hold above $150 and print higher highs, we may witness the start of a strong upward trend. Otherwise, a period of consolidation may be ahead as traders wait for clearer confirmation.

What’s Next for Solana Price Today: Can Bulls Take the Charge? 

The Solana price chart is flashing bullish signals as institutional interest ramps up. From ARK Invest’s ETF buy-in to technical indicators suggesting a reversal, momentum is building. What happens next depends on follow-through from buyers and the broader crypto climate.

If bulls can maintain pressure and drive SOL past key resistance, the next target may lie near $180. However, if enthusiasm fades, $130–$135 SOL price support becomes critical. For now, Solana news remains upbeat, and the market is poised. Let’s wait to explore how far this institutional wave can carry SOL.

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