Nasdaq-listed Upexi (UPXI) has just added another crypto heavyweight to its team, fueling renewed optimism around bullish Solana price predictions.
UPXI named Solana investor SOL Big Brain as its latest advisor on Tuesday, joining Arthur Hayes to guide the firm’s treasury strategy.
This cements Upexi as a leading Solana treasury vehicle in public markets, and a vehicle for TradFi investors to gain exposure to the altcoin while spot ETFs await SEC approval.
It holds over $421 million in SOL, ranking as the third-largest public Solana treasury. Its positions have already yielded a 156% return, translating into a 140% surge in share price.
The move underscores a broader corporate shift, with institutions increasingly adopting crypto treasury strategies, positioning SOL for deeper adoption as digital assets enter mainstream balance sheets.
Something which could accelerate in the coming weeks with the U.S. CLARITY Act, which stands to unlock sidelined capital from institutions waiting on regulatory clarity.
Solana Price Prediction: Could Institutions Push Solana to $500?
While Upexi’s expansion alone may not spark major demand, ongoing institutional support could give Solana the strength to break free from a 6-month ascending wedge pattern, now nearing its apex.
The latest retest of wedge support has prompted a sharp bounce, with momentum indicators pointing toward renewed strength.
SOL / USD 1-day chart, rising wedge pattern. Source: TradingView.The RSI has made a sharp recovery, reclaiming the neutral line at 50, an indication that buyers are controlling the current market move.
The MACD histogram adds weight to the move, tracking towards a golden cross above the signal line, often an early sign of a lasting uptrend.
The key threshold for a breakout sits around $300, Solana’s early-year high. Flipping this level into support would validate a potential 130% rally to $500.
As the bull market matures further, macro and regulatory catalysts could add fuel to the move.
With potential spot ETFs on the table this month and U.S. interest rate cuts fueling risk appetite, the Solana price could rally as high as $1,000, a 350% gain from current levels.
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Click Here to Participate in the PresaleThe post Solana Price Prediction: Nasdaq Firm Goes All In on SOL – Can This Be the Catalyst for a $500 Target? appeared first on Cryptonews.
