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Solana price is on the rise, and analysts observe trends that may propel it to the $250 mark. This is an optimistic prediction following SOL Strategies, a listed Canadian company that deals in the Solana ecosystem, announcing that it has secured a $500 million convertible note deal with ATW Partners to boost its SOL holdings and staking activities.

$500 Million Convertible Note Structure To Buy SOL

SOL Strategies has secured what it describes as a “first-of-its-kind” convertible note facility with ATW Partners. According to the announcement, the $500 million facility will be implemented in multiple tranches. This starts with a $20 million closing expected to occur around May 1, 2025. This is subject to customary closing conditions.

BREAKING: SOL Strategies secures landmark USD $500M convertible note facility with ATW Partners to expand SOL holdings.

This first-of-its-kind structure is exclusively for SOL purchases and staking on our validators, with interest paid in SOL.

This represents the largest… pic.twitter.com/p9SB4dRm6o

— SOL Strategies (CSE: HODL | OTCQX: CYFRF) (@solstrategies_) April 23, 2025

The facility is designed basically for the Solana ecosystem. Also, all capital will be exclusively allocated to purchasing SOL tokens. These tokens will then be staked on validators operated directly by SOL Strategies.

The announcement comes at a time when the SOL price has reclaimed the $150 level. SOL has pumped close to 18% in the last seven days.

In a notable element of the agreement, interest on the notes will be paid in SOL tokens rather than fiat currency. This interest will be calculated as up to 85% of the staking yield generated by the SOL acquired through the facility.

Technical Analysis Points To $250 Solana Price Target

Technical analysts are observing bullish patterns on Solana price charts that are indicative of a possible run-up to the $250 level. The SOL/USDT chart shows a definitive breakout from a falling wedge pattern. This is identified as a bullish indication of a price increase in technical analysis.

Analyst Luciano_BTC has shared some important changes on the chart. They are a “Falling Wedge” pattern that has shifted higher with a clean “Trendline Breakout.” The chart from the analyst also displays a potential target of +50% Uptrend.

Called it – pumped it. $SOL is the easiest trade of the century.

In my opinion, more green candles are coming.

NFA. https://t.co/MRjTpSy9ij pic.twitter.com/HXYbgwBR58

— Lucky (@LLuciano_BTC) April 23, 2025

Technical analyst Christiaan concurs with this technical outlook. He just tweeted that the Solana price is heading to $250. Another analyst, Lucky, expressed strong conviction about Solana’s prospects. He called it the easiest trade of the century and predicting more green candles are coming.

The technical configuration shows SOL finding support at a point known as a Demand Zone, which Luciano_BTC identified, prior to starting its current rally. The chart shows a number of possible points of resistance to $250, with targets towards $180 and $220 before reaching the final destination. CoinGape has also analyzed and shared their price prediction for Solana, which shows that SOL is 49% bullish.

The post Solana Price Targets $250 as SOL Strategies Unveils $500M Convertible Note to Buy SOL appeared first on CoinGape.

Solana price has recently shown strong signs of recovery, leading analysts to predict a bullish breakout that could see the SOL price surpass $200.

Analysts anticipate that the current trend is a precursor of a significant bullish breakout as Trump tariffs fears end and the Bitcoin price recovers above the $94k resistance.

Is Solana Price Ready for a Bullish Breakout?

Solana price has been trading in a contained range-bound channel for several months, as depicted between October 2024 to April 2025. During this time, the cryptocurrency set the important support level at $147.48 and the price has been rebounding off this level of support.

According to Crypto General analyst, the price movement has formed an ascending triangle pattern. This pattern usually points to the bulls’ market continuation and can extend their move towards the upper resistance level, which is $288.51.

The ascending triangle implies that the price of Solana is steadily rising as the demand for the token also rises, with the formation of higher lows. This pattern is commonly regarded as an accumulation formation when buyers continuously drive the price up in anticipation of a breakout. A breakout above the $288.51 may open the door for more gains, taking SOL to $350 to $390 in the next few months.

Institutional Adoption Could Propel Prices Higher

Another reason that could further push Solana’s price up is the demand from institutional investors, such as SOL ETFs that have applied to the SEC and are waiting to be approved. Amid the swearing-in of a new SEC chair, the market anticipates an end to the uncertainties in regulations that may lead to the influx of institutional funds into Solana and other coins.

On a similar note, the high number of deployments on the Solana blockchain suggests that adoption and usage are also on the rise. As more developers build on the platform, the case for further growth in SOL’s value strengthens.

Several analysts, like Peter Brandt, have also stated that Solana could surpass Ethereum in the long term, which bolsters its long-term projections. Should institutional adoption increase, it could provide more upward pressure on Solana’s price and possibly even push it past $200.

Technical Indicators Suggest Bullish Outlook

To further support the bullish pressure, technical analysis of the SOLUSD price chart points to a significant bull run. From the 1-day price chart, the Bollinger Bands are expanding, which suggests the growing fluctuations in the SOL price. A

mid this trend, the price of SOL has crossed the upper Bollinger Band which is a sign of high volatility and uptrend action. If the price is above the middle band (blue line), it signals that this pattern may remain in control, which is a bullish signal.

In addition, Solana’s chart shows a falling wedge formation. This pattern, a bullish reversal formed by converging trend lines with lower highs and higher lows, hints at a major move incoming.

Solana’s recent breakout above the upper trendline of this wedge could be the beginning of a significant upward move. After this breakout, analysts target $275 as a potential price zone, reflecting a substantial upside from the current price.

The post Analyst Predicts Solana Price Bullish Breakout To $200 appeared first on CoinGape.

Nasdaq has submitted an S-1 form for the 21Shares Dogecoin ETF with the US Securities and Exchange Commission (SEC). This move officially kicks off the approval process, with the Commission having to decide whether or not to approve the fund, which will provide institutional investors access to the top meme coin.

Nasdaq Files To List & Trade 21Shares Dogecoin ETF

A Nasdaq filing has revealed that the exchange has submitted an application to the US SEC to list and trade the 21Shares Dogecoin ETF. This move is significant, as the S-1 filing officially begins the approval process.

The SEC will then move to publish the filing in the Federal Register and ask for public comments on the filing before it decides to approve or deny. It is worth mentioning that asset manager 21Shares had earlier this month filed the 19b-4 form for its DOGE ETF. This move showed the firm’s intention to offer investors exposure to the largest meme coin by market cap.

Besides 21Shares, Grayscale, and Bitwise have also filed to offer a Dogecoin ETF, providing a bullish outlook for the DOGE price, which could surge as institutional investors invest in the meme coin. More asset managers are expected to file for a DOGE ETF as interest in the meme coin picks up.

What’s Next For The Dogecoin Price?

The DOGE price remained unchanged following Nasdaq’s S-1 filing for the 21Shares Dogecoin ETF. However, crypto analyst Trader Tardigrade predicts that a breakout might be on the horizon for the top meme coin.

In an X post, the analyst noted that Dogecoin has been moving within different ranges, experiencing both false breakdowns and breakouts. He added that the meme coin has now returned to its current range. In line with this, he expects DOGE to break out, potentially sending it higher.

The post Nasdaq Files S-1 For 21Shares Dogecoin ETF With SEC appeared first on CoinGape.