Sharps Technology, Inc. (STSS) has joined forces with Crypto.com to enhance its Solana-focused digital asset strategy, signaling a strong institutional commitment to the blockchain ecosystem. This partnership allows STSS to leverage Crypto.com’s institutional-grade custody infrastructure and OTC desk, providing deep liquidity, competitive pricing, and efficient execution.
Strengthening Institutional Digital Asset Management
According to the press release, STSS has acquired over 2 million SOL tokens worth more than $400 million. The move aims to align traditional finance strategies with the Solana ecosystem. By channeling part of this capital into Solana projects through Crypto.com, the company seeks to generate yield and improve network liquidity.
Additionally, this collaboration enables broader access to qualified custodians for Solana projects, supporting ecosystem growth and fostering more efficient financial infrastructure. Eric Anziani, President and COO of Crypto.com, emphasized that the platform offers the comprehensive capabilities institutions require to manage digital asset treasuries safely.
Moreover, STSS Strategic Advisor James Zhang highlighted that this approach reflects a dual strategy, strengthening the balance sheet while actively contributing to Solana’s development. Hence, this partnership not only secures STSS’s treasury but also promotes long-term ecosystem growth.
Solana Price Analysis Suggests Bullish Momentum
Solana (SOL) has demonstrated resilience, trading around $208 with a 24-hour volume of nearly $7 billion. Despite a 4.77% decline over the past week, analysts see strong bullish setups.
According to bitcoindata21, SOL is forming a four-year cup-and-handle pattern alongside a mini inverse head-and-shoulders formation. The key resistance lies near $260, and surpassing this level could push SOL toward $300–$320. Support zones appear around $180, with deeper protection near $140, offering investors clear technical benchmarks.
Trendline Break and CHOCH Signal Strength
Additionally, 𝐊𝐚𝐦𝐫𝐚𝐧 𝐀𝐬𝐠𝐡𝐚𝐫 notes that SOL has reclaimed structure near $209, suggesting a potential Change of Character (CHOCH). A bullish trendline from recent lows indicates buyers are defending higher prices.
Source: X
Should SOL hold above $210, momentum may carry the token to $220, potentially testing resistance at $255. Consequently, traders anticipate a multi-phase rally aligned with long-term bullish patterns.
