Top venture capital firm Pantera speaks out: Solana will stand alongside Bitcoin and Ethereum, with an upward target aimed at $400!

Dan Morehead, CEO of the top venture capital firm in the encryption industry, Pantera Capital, publicly supports Solana, placing it alongside Bitcoin and Ethereum as the three long-term leaders in the field. Morehead's confidence stems from Pantera's success in driving the IPOs of companies like Circle and Galaxy Digital by 2025, as well as the establishment of a $500 million Solana financial instrument “Solana Company” (NASDAQ: HSDT). Technically, Solana has successfully held the key trendline support at $170, and if it can decisively break through the $250 resistance level, its short-term upward target is expected to reach $400, with a potential increase of up to 106%.

Top VC Endorsement: Solana Secures “Big Three” Status

Pantera Capital is one of the most successful venture capital firms in the cryptocurrency space, and the views of its leader Dan Morehead have significant influence on institutional investors.

· Morehead's “Three Giants” theory

Morehead recently stated in an interview that he believes the crypto market will ultimately consolidate and revolve around three core blockchains: Bitcoin, Ethereum, and Solana, while most other networks will gradually fade away. He also set a long-term price target of 1 million dollars for Bitcoin.

· The efficiency advantages of Solana

Morehead described Solana as “the most efficient network,” providing a high-performance alternative to Ethereum. This continued support from top investors is expected to significantly boost institutional interest and long-term prices for Solana.

· The key role of Pantera

Morehead's bullish confidence is not without basis. Pantera Capital's impressive performance in 2025, including its key role in the IPOs of Circle and Galaxy Digital, as well as the establishment of the $500 million Solana financial instrument (Solana Company) supported by Nasdaq, all indicate its deep involvement and firm optimism in the Solana ecosystem.

Technical Analysis: Recovering EMA moving average, $170 becomes new support

(Source: TradingView)

Despite the significant pullback in the market last Friday, Solana's price trend remains clearly in an upward trajectory, demonstrating strong resilience.

· Rebound from key support

During the market correction, the price of Solana (SOL) briefly fell to $170, but quickly rebounded from the key trend line support level, confirming the solidity of the current channel. This rebound highlights the $170 area as a focal point of effective demand.

· Breakthrough 200-day EMA

Solana has successfully reclaimed its 200-day Exponential Moving Average (EMA). If the current momentum can be maintained, the price may soon retest the resistance area of $240.

· Upside target 400 USD: 106% potential rise

Analysis indicates that if Solana can decisively break through the key resistance level of $250, it will open up the potential for a rebound towards $400. This means that in the short term, Solana has an upside potential of up to 106%. Under favorable market conditions, this bullish sentiment remains strong even in the face of global tensions.

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· Institutional interest drives the potential of early projects

The increasing institutional interest from major players like Pantera Capital highlights the tremendous growth potential of early-stage projects like Solana. This indicates that capital is actively seeking high-performance blockchain infrastructure with long-term competitiveness.

Conclusion

Dan Morehead, the CEO of Pantera Capital, has undoubtedly provided strong evidence of Solana's ecosystem maturity and institutional progress with his high praise and firm support. As Solana has technically managed to hold key support levels and re-establish itself above the 200-day EMA, its price pattern suggests strong upward potential. If the $250 resistance can be effectively broken, the $400 upward target will no longer be far off. This trend reinforces Solana's position as one of the few networks capable of long-term competition with Bitcoin and Ethereum.

This article is for news information and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make cautious decisions.