Solana Set to Explode: Here’s What’s Fueling the $300 Price Surge

Jakarta, Pintu News – The price of Solana SOL7.76%->Current SOL PriceRp 2.200.6037.76%Market CapRp 1.672 TriliunTrading VolumeRp 135,64 TriliunCirculating SupplyRp 479.179.305 surged to its highest level in two weeks, passing the $147 (IDR 2,383,473) mark, after the giant $11 trillion asset manager BlackRock announced it would use the SOL blockchain for its $1.7 billion $BUIDL fund.

This news immediately sparked huge interest from retail investors in Solana. Now, traders are starting to speculate – could the altcoin break another record high and cruise past the $300 mark (4,965,806)?

Solana price in the spotlight after BlackRock uses SOL blockchain for BUIDL fund

On March 26, 2025, the price of Solana (SOL) was trading around $144 (IDR 2,383,473), up about 3.3% in the last 24 hours. Within a week, the SOL price has risen by 14%, indicating that bullish momentum is gradually building.

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This rise was further amplified after news that BlackRock, an $11 trillion asset manager, expanded the adoption of its digital tokenization product-$1.7 billion USD Institutional Digital Liquidity Fund (BUIDL)-to the Solana blockchain.

This move marks a new chapter in the tokenization of real-world assets (RWAs) on the Solana network, while also encouraging the entry of institutional investors into the ecosystem.

Securitize, the tokenization platform working with BlackRock on this project, revealed that the reason for choosing Solana was because of its ability to handle a large number of transactions at low cost and high scalability.

“Why choose Solana? Because its high throughput, low cost, and scalability make Solana blockchain ideal for supporting institutional-grade RWAs. With the expansion to Solana, BUIDL is now more accessible to more investors and applications,” Securitize explained.

This launch is a strong signal towards bullish price predictions for Solana, even opening up the potential for a parabolic rally in the near future. The question now is: how far can SOL go up from here?

Can Solana Break $300?

BlackRock’s adoption of Solana is a strong signal for bullish price movement, and could potentially trigger a rally towards $300 (4,965,806).

Not only that, but recently Fidelity, one of the global financial giants, has applied to launch the Solana spot ETF (SOL) on the Cboe exchange. This huge interest from Wall Street’s top institutions reinforces the belief that Solana’s big rally is only a matter of time.

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Technically, Solana’s daily chart shows solid bullish momentum after SOL broke out of its descending parallel channel pattern. This is an early sign of a trend reversal as selling pressure weakens.

The RSI indicator is currently at 52, having printed a pattern of higher lows. This is the first time the RSI has breached the 50 mark in over three weeks, signaling that buying pressure has started to strengthen as the sell-off subsides.

To confirm the continuation of this bullish trend, the MACD line needs to break into positive territory. If this condition is met and SOL manages to break the resistance level at $177, then an increase towards the all-time high ATH1.25%->Current ATH PriceRp 496,11.25%Market Cap-Trading Volume-Circulating Supply- of $297 and even breaking $300 is very likely.

Not only driven by positive technical indicators, the surge in institutional interest in Solana is also a major catalyst. If buying pressure continues to build and SOL is able to hold above the upper trend line of the previous channel, a major rally could be in the offing.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Solana Price Eyes $300 as BlackRock Taps SOL for $1.7B BUIDL Fund. Accessed on March 27, 2025