Solana Price Prediction: ETF Approval May Drive SOL to Rise 10 Times, Forward Industries Becomes Largest SOL Holdings Company

Forward Industries, Inc. (FORD) is initiating its Solana asset reserve strategy through a $1.65 billion financing led by Galaxy Digital, Jump Crypto, and Multicoin Capital. This move not only makes it the largest public asset holder of Solana, surpassing the current leader Upexi Inc., but also builds a bridge for traditional markets seeking exposure to SOL risk. This initiative, combined with positive technical indicators and favourable regulatory environment, is creating favorable conditions for a potential explosion in Solana prices.

Institutional Support and Favourable Information from Technical Indicators, Solana Price May Explode

Forward Industries aims to generate differentiated on-chain returns by actively participating in the Solana ecosystem and creating long-term value for shareholders. This strategic initiative has the full support of industry giants:

• Galaxy Digital will provide trading, lending, and risk management services.
• Jump Crypto, as a core developer of Solana infrastructure, provides technical support.
• Multicoin Capital, as an early investor in Solana, provides strategic guidance.

On the technical side, Solana also shows strong bullish signals:

(Source: TradingView)

• Ascending wedge pattern: Since the market bottomed out in mid-April, SOL has been operating in an "ascending wedge" pattern and is currently at a critical edge for a breakout.
• Momentum Indicator: RSI (Relative Strength Index) has solidly maintained above 60, indicating strong buying pressure. At the same time, MACD (Moving Average Convergence Divergence) has also formed a "Golden Cross," which is typically regarded as the beginning of a long-term upward trend.

Based on these favourable information signals, the article makes an optimistic prediction for Solana's price outlook:

• Recent target: After breaking the wedge pattern, SOL may retest its historical high point of around 300 dollars at the beginning of the year.
• Medium-term target: The expected target price for this pattern is $400, which implies a potential increase of 85%.
• Long-term goal: If the Solana spot ETF is approved in October and institutional demand continues to grow, the price of Solana could reach $1,000 (a 380% increase), or even achieve a tenfold growth to $2,100 with sustained institutional adoption.

Regulatory Clarity and Accelerated Mainstream Adoption

The action taken by Forward Industries is a reflection of the business community incorporating cryptocurrency into their public balance sheets. This trend may accelerate in the coming weeks, especially against the backdrop of the expected passage of the U.S. CLARITY Act, which aims to release more funds for institutions awaiting regulatory clarity. As non-financial companies like Forward Industries become bridges between traditional markets and the world of digital assets, the adoption of Solana in the mainstream financial sector will be strongly promoted.

Conclusion

The move by Forward Industries to become the largest public reserve holder of Solana is a strong signal of growing institutional confidence in Solana. This initiative, combined with bullish technical indicators and potential favourable information from regulators, suggests that Solana may experience a significant price increase, while also indicating that a new class of listed companies is leading digital assets into the mainstream financial world.