Janover just made a bold move in the crypto space, buying 88,164 Solana tokens worth around $11.5 million. This boosts their total SOL stash to over 251,000, valued at $36.5 million. But they didn’t stop there. The company is rebranding as DeFi Development Corporation, marking a full pivot into decentralized finance. Backed by a $42 million raise earlier this month, led by ex-Kraken execs who now run the show, the company plans to stake SOL and run validators to earn yield and strengthen the Solana network. Their playbook? A slower, SOL-focused version of MicroStrategy’s Bitcoin strategy.
That kind of move doesn’t go unnoticed, especially in a market watching for signs of institutional confidence. With Janover stepping in considerably and aiming to help secure the Solana network, the news sparked renewed bullish momentum for Solana. Let’s break down how the SOL Price has reacted since.
SOL Price Analysis of April 22nd, 2025
Solana price began April 22 with strong upside momentum, carving a rising channel from the 00:00 UTC open and briefly surpassing the $138 support-to-resistance pivot. By around 14:00 UTC, SOL pierced the $143 barrier and decisively flipped it into a new support zone. Throughout this advance, RSI oscillated around overbought levels above 70, while MACD issued multiple bullish golden crosses, underscoring accelerating momentum. Even minor pullbacks were met with buying interest, as high-volume traders jumped in post-breakout. This decisive move and robust indicator signals marked the onset of a potential SOL Bull Run.
Chart 1, Analyzed by Alokkp0608, published on April 23rd, 2025.
SOL traded sideways between 15:00 and 21:00 UTC, stabilizing above the $143–$144 zone. The market lacked clear momentum in this interval, but price action stayed comfortably above the channel’s lower boundary, suggesting that bulls maintained control. RSI gradually cooled off but remained above 50, reflecting sustained buying interest. Meanwhile, MACD lines narrowed, showing reduced momentum without signaling a bearish reversal. This sideways action likely served as a consolidation phase before the next leg up, with the $146 level emerging as a short-term price floor during the pause.
SOL Price Forecast: What Is Next for Solana?
In the early hours of April 23, SOL price resumed its upward drive. SOL has been riding its rising channel, breezing past $148 and homing in on the $152 barrier. During this push, the RSI dipped back into overbought territory, a clear sign of eager buyers, and the MACD delivered another bullish crossover, reinforcing the uptrend. The $148–$149 range currently serves as a safety cushion, with $143 standing as a deeper line in the sand. Should volume hold firm above $150, a successful breach of $152 could ignite the next rally, potentially propelling SOL toward the $155–$158 zone soon.
SOL Bulls Aim Higher as Momentum and News Align
SOL Price looks set for more upside after holding firm above key support zones at $143 and $148. The RSI jumping back into overbought territory and fresh MACD bullish crossovers point to a market full of energy. If SOL can break and hold above the $152 level, we’re likely looking at a push toward $155–$158 in the short term. From a chart perspective, momentum is favoring the bulls. And with Janover’s $11.5 million SOL buy and its bold rebrand into a DeFi-first company, there’s absolute confidence from the institutional side, too. The foundation laid by developments in the Solana network and Janover’s commitment to it adds to the conviction behind this SOL bull run, with both the charts and the headlines leaning bullish, and that combo could keep lifting SOL even higher.
About The Author
