Solana’s Bullish Momentum: ETF Launch and Staking Support Propel SOL Toward $190
Solana (SOL) is showing remarkable resilience in a stagnant market, currently trading at $148.37 with a 3.2% weekly gain. The cryptocurrency has successfully reversed its 30-day downtrend, with key resistance levels now identified at $167, $179, and $190. Institutional interest is surging as the first US Solana ETF with staking support prepares for its debut on July 2. This groundbreaking product, a joint venture between Rex and Osprey, marks a pivotal moment for SOL's mainstream adoption. With daily trading volumes increasing and the market responding positively to these developments, Solana is poised for significant upward movement. Analysts are closely watching the $190 target, which could be within reach if the current momentum continues. The combination of institutional backing, staking rewards, and growing investor confidence creates a perfect storm for SOL's price appreciation. As of July 3, 2025, the cryptocurrency market is witnessing what could be the beginning of a major Solana rally, driven by these fundamental improvements in accessibility and utility.
Solana ETF Launch, Staking Support Drive Price Toward $190 Target
Solana (SOL) demonstrates resilience in a stagnant market, trading at $148.37 with a 3.2% weekly gain. The cryptocurrency's 30-day downtrend has reversed, with key resistance levels now at $167, $179, and $190.
Institutional interest surges as the first US solana ETF with staking support prepares for July 2 debut. The Rex-Osprey joint venture's product marks a watershed moment for SOL's mainstream adoption.
Daily trading volume spiked 83.91% to $5.37 billion, reinforcing SOL's position among top cryptocurrencies by market capitalization ($79.32 billion). Technical analysts note the asset's consistent uptrend despite broader market consolidation.
DeFi Development Corp. Plans $100M Raise to Boost Solana Holdings Amid Price Volatility
Solana (SOL) faces potential downward pressure after failing to sustain levels above $160 this week, with prices retreating 5% to $146.55 during Tuesday's North American session. The correction comes despite growing institutional interest, highlighted by the SEC's recent approval of Grayscale's Solana ETF conversion—a move seen as paving the way for broader ETF approvals.
DeFi Development Corp. (NASDAQ: DFDV) is capitalizing on the dip, announcing a $100 million convertible notes offering to fund additional SOL acquisitions. 'The Company intends to use a portion of the net proceeds to repurchase shares,' the filing stated, signaling confidence in Solana's long-term value proposition amid the memecoin and RWA-driven ecosystem growth.
DeFi Development Bets $100 Million on Solana in Strategic Pivot to Crypto
DeFi Development, formerly a real estate firm known as Janover, is making a bold $100 million wager on Solana (SOL). The company announced a private offering of convertible notes to build a corporate treasury exclusively in SOL, mirroring MicroStrategy's Bitcoin strategy but with a Solana twist. This move marks a significant shift from traditional assets to crypto.
The decision comes after regulators rejected DeFi Development's initial $1 billion crypto plan. Despite scaling back, the firm's commitment to Solana underscores growing institutional confidence in the blockchain's low-cost, high-speed infrastructure. Market reaction was mixed—SOL's price held steady while DeFi Development's stock dropped 9% post-announcement.
Solana's recent network upgrades appear to have influenced this institutional vote of confidence. The blockchain has been optimizing for reliability and congestion control, addressing key concerns from its 2022 growing pains. This corporate accumulation strategy could set a precedent for how public companies engage with layer-1 blockchains beyond Bitcoin.
Solana ETF Rally Fades as Technicals Signal Potential Downturn
Solana's brief 5% surge on ETF speculation evaporated as quickly as it appeared, with SOL now testing critical support levels. The cryptocurrency faces a pivotal moment as traders weigh fleeting momentum against deeper market structure.
Technical analysis reveals a clear rejection at the $160 resistance level—a zone that absorbed buying pressure and triggered a reversal. SOL now drifts between $144.5 and $147.7, with a breakdown potentially leading to 20% downside. 'Altseason rewards those who spot new narratives, not those who chase old ones,' observed analyst VirtualBacon, highlighting the challenges for legacy altcoins.
The market's fickle response underscores crypto's trademark volatility. While ETF news generates headlines, price action remains governed by supply-demand mechanics. Solana's next MOVE will test whether institutional interest can override technical resistance.
Solana ETF Approval Odds Surge to 97%, Signaling Potential Market Shift
Solana's path to a US Exchange Traded Fund (ETF) appears increasingly certain as prediction platform Polymarket places approval odds at 97%. The sixth-largest cryptocurrency, which has underperformed in the current bull cycle amid macroeconomic turbulence, may be poised for a resurgence with this regulatory milestone.
The SEC's request for amended applications from ETF issuers triggered an immediate jump to 92% approval likelihood before climbing further. While Polymarket's odds reflect surging institutional confidence, traders remain cautious—the SEC's deliberative process and Solana's recent price stagnation below $160 underscore the need for measured optimism.
June proved challenging for SOL, with persistent defense of the $160 level failing in the latter half of the month. Market participants now watch for the ETF decision as a potential catalyst to reignite momentum, though the token's technical performance suggests any rally may require sustained institutional inflows post-approval.
Solana Wallet Growth Signals Bullish Breakout
Solana (SOL) is flashing bullish signals despite a minor price pullback at the start of July. While SOL dipped 2.61% on July 1, on-chain metrics suggest accumulating strength. The number of wallets holding at least 0.1 SOL hit a record 11.44 million on June 28, signaling grassroots adoption.
Exchange outflows exceeding $525 million reinforce the thesis. Investors appear to be moving SOL into private storage—a classic accumulation pattern. When small wallets grow alongside reduced exchange supply, it often precedes significant upside.
