SOL has recovered by 2.7% in the past 24 hours and currently sits at $159 after the largest corporate treasury holding the token announced a share buyback program. Here’s why this move favors a bullish Solana price prediction.
Forward Industries is, by far, the most influential treasury company in the world for Solana, with total holdings of 6.8 million tokens worth approximately $1 billion at the time of writing.
Earlier, the firm announced a $1 billion buyback program for its stock that will be progressively executed through at-the-market offerings and block trades.
Since Forward Industries has made its Solana investments its core mission, this move increases shareholders’ value as it ramps up the number of tokens that each share represents.
Solana Price Prediction: SOL Is On a Downtrend But Has Hit a Key Support Already
In the past 30 days, SOL has lost 31.8% of its value as market sentiment soured following President Donald Trump’s announcement of a 100% tariff increase on Chinese imported goods.
The daily chart shows that Solana has been on a downtrend since late September, making a series of lower highs and lower lows along the way to form a descending price channel.
However, the token just hit the channel’s lower bound, favoring an upcoming bounce.
The token also broke below the 200-day exponential moving average (EMA), while the Relative Strength Index (RSI) is nearing oversold territory.
For SOL to recover, it would have to break out of this price channel.
Ideally, it would have to move above $180 first to confirm a trend reversal. If that happens, Solana could rise to $200 soon and possibly beyond as institutional interest remains strong.
Forward Industries’ recent moves highlight how Wall Street is waking up to the potential of altcoins like Solana and the tech powering them.
One early-stage project capitalizing on this shift is Bitcoin Hyper ($HYPER), a new crypto presale building the first high-speed Bitcoin Layer-2 on Solana.
By using Solana’s lightning-fast network, HYPER aims to fix Bitcoin’s biggest limitations – slow speeds, high fees, and lack of programmability – while unlocking access to trading, staking, and DeFi.
Bitcoin Hyper ($HYPER) Raises $26M to Kickstart a New Era for Bitcoin
BTC holders have been unable to earn yield on their investment for years, as the network’s design can’t cope with the speed that DeFi applications need.
Bitcoin Hyper ($HYPER) solves this by launching the first true Bitcoin L2 with the help of the Solana blockchain to allow developers to launch yield-farming, staking, payments, and other decentralized apps.
The Hyper Bridge was created to receive BTC tokens safely on the Bitcoin blockchain and mint the corresponding amount on the Hyper L2.
Once in there, investors can use any of these dApps without having to leave the Bitcoin ecosystem.
Analysts believe that, once the solution becomes widely adopted by top wallets and exchanges, the demand for $HYPER should skyrocket.
To buy $HYPER before the next price increase, simply head to the official Bitcoin Hyper website and link up your favorite wallet (e.g. Best Wallet).
You can either swap USDT or SOL or use a bank card to complete the transaction.
Visit the Official Bitcoin Hyper Website HereThe post Solana Price Prediction: Largest SOL Treasury Firm Launches $1 Billion Buyback – $1,000 SOL By Year End? appeared first on Cryptonews.
