Solana logged three material updates today: a public company added SOL to its treasury, a Solana-focused validator operator reported clean SOC audits, and co-founder Anatoly Yakovenko reignited the Layer-2 security debate. Price coverage also noted an intraday move above $200.
Reliance Global Group said it purchased Solana for its digital-asset treasury and reaffirmed a previously announced special cash dividend payable on December 2 to shareholders of record on October 30. The company cited Solana’s throughput and low fees as rationale for the addition.
Separately, SOL Strategies (NASDAQ: STKE) announced completion of SOC 2 Type 2 and SOC 1 Type 2 examinations with no exceptions, positioning its Solana validator and staking operations for institutional clients. The firm framed the reports as validation of security controls over an extended period.
In developer discourse, Yakovenko argued that many Ethereum Layer-2 networks introduce security and decentralization trade-offs, challenging claims of direct “security inheritance.” His comments, amplified across industry feeds today, highlighted risks such as centralized multisig control and complex code path.
Market writers also flagged SOL trading over $200 during today’s broader crypto upswing, framing the level as a focal point for near-term sentiment.
Solana chart signals head-and-shoulders risk
The SOL/USD chart outlines a potential head-and-shoulders top with the left shoulder near ~$200, a higher head around the spring peak, and a right shoulder retest into the $205–$210 band. Price now leans on the $175–$180 support “neckline.” If SOL closes below this zone with momentum, the classical measured move projects toward prior demand clusters around ~$150, then ~$110, and finally the $75–$85 shelf from the 2023 base.
Confirmation still matters. The pattern is only a risk, not a reversal. It needs a clean break of the neckline with strong volume. Until then, sellers have no proof.
Watch $175–$180 first. A daily close below it unlocks lower targets. The next demand sits near ~$150. After that, eyes move to ~$110. If pressure extends, the $75–$85 base returns.
Now the flip side. Bulls can invalidate fast. Reclaim ~$205–$210 on a daily close. Hold it. Then the 2021 ATH zone comes back into play.
