Crypto.com has entered into a new partnership with SOL Strategies Inc., a Canadian firm specializing in Solana infrastructure and treasury management. The collaboration, announced on October 2, is designed to strengthen institutional-grade custody while broadening access to enterprise-level validator services. This marks another step in Crypto.com’s efforts to expand its role as a trusted provider for institutional clients managing digital assets. Custody Expansion and Validator Access According to the press release , under the partnership, SOL Strategies will utilize Crypto.com Custody to safeguard part of its treasury reserves. In return, Crypto.com’s institutional custody clients will gain access to SOL Strategies’ validator network, enhancing staking options for institutions and high-net-worth investors. According to Crypto.com’s leadership, public companies with digital asset holdings increasingly require safe and compliant custody solutions alongside reliable validator infrastructure.The move underscores SOL Strategies’ dual role in the Solana ecosystem. The company positions itself as both a significant validator provider and an active treasury participant. This diversification strategy allows it to secure assets while also expanding validator accessibility for institutions. Treasury Shifts Amid Whale Transactions The partnership announcement coincided with notable Solana movements flagged by Whale Alert. Data showed 274,560 SOL, worth over $63 million, moved from an unknown wallet to Coinbase Institutional. Another transfer of 1.65 million SOL, valued at $385 million, shifted between undisclosed wallets. Solana’s Technical Breakout Potential Alongside institutional developments, Solana’s price action has signaled a renewed uptrend. The token traded near $231, posting a 20% gain in the past week with daily volumes exceeding $9 billion. Analysts suggest critical resistance lies between $250 and $260. Source: X Ali Martinez, a crypto market analyst, highlighted $260 as the level that could unlock higher rallies. A weekly close above this point may confirm a breakout toward $280, $320, and even $400. His long-term projection sees Solana potentially reaching $520 if momentum continues. Key supports remain near $200 and $160. These levels must hold to preserve Solana’s bullish structure. Martinez noted consolidation below resistance is healthy, but a confirmed breakout could accelerate institutional interest. Structural Shift After Year-Long Downtrend Rekt Capital offered a broader perspective on Solana’s technical landscape. He pointed to October’s opening as a turning point, where Solana converted its year-long macro downtrend into support. The token had closed the previous month below the descending trendline, initially signaling weakness. However, the immediate recovery flipped that same level into support around $210. Currently trading above $230, Solana shows strength well beyond the reclaimed level. If buyers sustain momentum, the next resistance between $250 and $260 will be the zone to watch. Move above this area could push the market toward $300 and higher. Conversely, dropping below $210 would reintroduce downside pressure, though the larger structure now favors continuation of the uptrend.
