Solana Price Set Eye At $270 Following CMB International’s Recent Activity

The post Solana Price Set Eye At $270 Following CMB International’s Recent Activity appeared first on Coinpedia Fintech News

The Solana price is trending today and has gained strong bullish momentum, breaking past the $200 mark. The analysts and onchain data all point to promising technical setups in both short-term and long-term projections.

With the surge in institutional adoption, growing DeFi activity, and higher price momentum, the SOL price chart is pointing to the next bullish move ahead.

Solana Price Today and Technical Outlook

Solana price today stands at $201.64, marking a sharp rally of over 15% from $175 in just one session. This breakout has been fueled by a strong reversal in the intraday trend, with the nearest short-term targets projected by CryptoRand highlighting a target of $270. 

On a longer horizon, the analyst Ali Martinez has displayed a potential breakout from a cup-and-handle pattern that has opened the door to ambitious targets, with some forecasts from Ali hinting at a major rally reaching above $1,300.

Institutional Adoption Boosting SOL Price And Other Metrics

Adding fuel to the intraday rally and boosting long-term sustainable growth odds is the latest move by CMB International, boosting Solana’s utility directly. 

This firm is a leading asset manager in Asia, and it has tokenized its HK-Singapore Mutual Recognition Fund on the Solana blockchain.  

Not only is this the major move SOL saw this year, but some other institutions have also been involved with SOL, which underscores the growing institutional confidence in the network’s capabilities. 

Furthermore, the data shows that the public companies holding SOL have accelerated in their accumulation since April 2025. 

Since July, holdings have surpassed $500 million and have now aimed at $750 million, with notable participants including Upexi, DigitalX, Torrent Capital, and several others.

Beyond just price action, the Solana network also witnesses strong traction in decentralized finance. According to DeFiLlama, Solana crypto’s total value locked (TVL) is climbing steadily and is now approaching its highs from 2022. 

In addition to TVL, the Solana is also translating significant fee generation, per the data from CryptoRank. Data suggest that in the past 30 days, Ethereum has generated $45 million in fees, while Solana closely followed with $41.1 million. 

On witnessing this growth, the CryptoRand believes that it’s only a matter of time before Solana overtakes Ethereum in this metric, further bolstering its long-term optimism.