For the past 18 months, Solana (SOL) has been demonstrating extensive price consolidation within the range of $115 to $230. Let's explore the current market trends and institutional investor interest.
Price Consolidation of Solana
Solana has been trading between $115 and $230 for over 18 months. This period follows a market trend change that began in late 2022 when SOL moved out of a previous accumulation zone between $8 and $26. Analysts have noted the presence of false breakouts in the current range, including a false move above $230 in January 2025 and a false breakdown below $115 in April 2025.
Institutional Interests in Solana
Recent data indicates that institutional investors continue to actively invest in Solana. According to information from CoinMarketCap, DeFi Dev Corp has acquired approximately 181,303 SOL at an average price of $155, increasing its total holdings to about 1.18 million SOL. This move indicates rising confidence among major investors, despite current price changes.
Market and Forecasts
Currently, market sentiment remains cautious: over 85% of voters on CoinMarketCap predict the asset will increase in value, even as SOL has lost over 4% of its value in a day. The current price is $182.54, close to the daily low of $182.00. Meanwhile, trading volume has decreased by 11.24%. However, forecasts suggest potential price increases if SOL can close above the $230 mark.
Overall, Solana shows significant interest from institutional investors while maintaining price consolidation. Forecasts of potential growth create encouraging prospects for the asset in the future.
