Key Insights:
Mangocueticals and Cube Group initiated a $100M SOL treasury plan, classifying SOL as a long-term reserve asset.
Solana price structure shows recovery, with buyers reclaiming control after breaking out of a prolonged falling channel.
Price remains above critical levels, with potential for an extension toward $150 if structural support continues to hold.
Solana’s relevance in institutional finance expanded following the announcement of a $100 million SOL treasury initiative led by Mangocueticals and Cube Group. The strategy will formally classify SOL as a balance-sheet reserve asset rather than a short-term investment instrument. This marks a strategic shift, signaling a broader trend of blockchain-native assets being integrated into corporate finance operations.
As a Nasdaq-listed company, Mangocueticals’ involvement enhances the regulatory standing of the strategy. The company aims to diversify its corporate treasury while ensuring compliance standards are maintained. Cube Group supports this collaboration by providing infrastructure for execution, custody, and governance, reinforcing operational integrity in deploying blockchain assets.
Corporate Strategy Boosts Technical Momentum for SOL
The timing of the treasury announcement aligns with significant shifts in Solana’s technical chart structure. SOL recently broke out of a falling channel, signaling a possible reversal in market control. After buyers defended the $117.70 support area, the price rebounded, reclaiming mid-channel levels and moving above the declining resistance line. As of reporting, SOL trades near $126, showing consolidation above key lows.
Source: TradingView
Solana’s price is currently approaching the structural pivot of $129.81, a level where prior resistance now acts as a stability benchmark. Technical indicators reflect neutral momentum, with the Relative Strength Index reading at 50.07. This suggests balanced price behavior, with neither excessive bullish nor bearish pressure at present.
Higher Price Targets Remain Active Pending Structural Continuation
If the current structure holds, price targets at $139.10 and $143.86 remain technically active. A sustained move above $143.86 would open the path to $150, where prior supply zones were concentrated. The price behavior supports a long-term framework rather than short-term volatility, aligning with the institutional approach taken by Mangocueticals and Cube Group.
The collaboration underscores confidence in Solana’s scalability and suitability for high-throughput financial strategies. As institutional frameworks continue to mature, structured allocations like this strengthen Solana’s position as a viable treasury asset. The shift in market structure further supports the narrative of longer-term price planning.
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