Solana-linked equities gained attention after Solana Company announced an $8 million capital raise.
The move aims to expand its SOL treasury despite recent price weakness. Institutional participation continues to support long-term positioning around Solana.
Focus has shifted toward projections that place SOL near $900 in a future cycle.
Capital raise strengthens Solana treasury strategy
Solana Company confirmed it priced over 3 million Class A shares at $2.60 each. The registered direct offering brought in Mirae Asset and HashKey Capital.
The company stated it expects around $7.9 million in net proceeds from the deal. This development reflects continued institutional appetite for crypto exposure.
Management explained that part of the funds will go toward purchasing additional SOL tokens.
The firm already holds about 2.3 million SOL, reinforcing its treasury-focused model. It added that remaining funds will support operations and expansion initiatives.
This approach positions the company as a dedicated vehicle for Solana accumulation.
The structure also includes a put option agreement tied to a 7% annual return threshold.
Solana Company noted that this feature offers downside protection for investors. It also aligns long-term incentives with performance outcomes.
The design combines traditional finance elements with a crypto-native treasury strategy.
SOL price pressure persists as $900 target emerges
SOL price remains under pressure despite growing institutional activity. At press time, the token traded near $83.93, down nearly 2.16% in 24 hours.
Weekly performance showed modest gains of about 1.55%, indicating relative stability. Short-term volatility continues to shape near-term sentiment.
Borovik stated that Solana’s previous cycle delivered a 26-fold move from $8 to $295. He explained that a similar framework could imply a $70 cycle bottom.
Based on that level, he projected a potential upside of $1,800. He added that a more conservative 13-fold move could place SOL near $900.
These projections have driven speculation around a $900 to $1,000 cycle range. However, Borovik emphasized that stronger network growth remains essential.
He noted that rising on-chain activity would support sustained momentum. Continued capital inflows will also determine whether such targets become achievable.
Solana price slides toward $83 as bearish momentum builds
The 4-hour chart for Solana is showing a clear short-term downtrend developing after a failed push toward the $88 level.
Price action shifts from a brief consolidation phase into a sequence of lower highs and stronger bearish candles, with sellers gaining control.
The sharp red candles near the latest sessions indicate increasing downside momentum, pushing SOL back toward the $83–$84 region.
Looking at the indicators, the RSI sits around the mid-30s, signaling weakening momentum and approaching oversold territory.
This suggests bearish pressure is dominant, though it is not yet at extreme levels where a bounce becomes highly probable.
Meanwhile, the MACD has crossed into negative territory, with the MACD line below the signal line and a growing red histogram.
This confirms a bearish trend continuation, indicating that momentum is still favoring the downside unless a reversal signal emerges.
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