Solana Surges Nearly 8% As Janover Pivots to Solana Treasury

The price of Solana (SOL) famously known as the ethereum killer has surged nearly 8% today as Commercial property platform Janover pivots to Solana treasury strategy, stock surges 1,100% as investors rush in prior the news.

Janover has invested over $9.6 million into Solana (83,000+ SOL) as part of a new digital asset treasury strategy, with plans to stake its holdings and run validators to generate onchain revenue.

The move follows a $42 million funding round and has triggered a 1,100% surge in Janover’s stock price as the company positions itself as a transparent, publicly traded vehicle for crypto exposure.

Solana has lost grip of the $120 pivot for the past 2 weeks, but reclaimed the zone today currently trading at $120.54 per $SOL.

The daily price chart shows Solana has been trading within an enclose rectangular zone with the Resistant and support points slightly above each other. For Solana, a break above the $170 zone could pave way for a move to the $200- $270 zone. Similarly, a break below the $100 zone could be catastrophic for Solana.

However, the RSI shades a bit of a light at the end of the tunnel as it stands at 47, which is prime for a reversal.