Solana's price is testing a crucial support range between $123 and $129, with potential downside risks if it breaks below this level. A drop could see prices fall towards $116, as the cryptocurrency remains under pressure from broader market trends. Despite this, bulls are actively defending the support zone, which is part of a year-long descending triangle pattern nearing its apex. Forward Industries, a Nasdaq-listed company, has significantly increased its Solana holdings, now possessing over 6.97 million SOL tokens. The company has also generated 133,450 SOL in staking rewards since launching its treasury strategy in September 2025, highlighting its strategic focus on Solana. This move reflects a broader trend of institutional interest in altcoins beyond Bitcoin. In parallel, Bitcoin Hyper is advancing its Solana-based Layer-2 network to enhance Bitcoin's scalability by integrating Solana's technology. This initiative aims to address Bitcoin's transaction speed and fee limitations, potentially enabling decentralized finance applications and real-world asset tokenization. Despite these developments, Solana's price remains under pressure, with mixed technical indicators suggesting a phase of consolidation rather than a reversal of the downtrend.