In a recent update on X, analyst GemXBT highlighted that Solana (SOL) is moving within a consolidation phase, with the price hovering near the $147 level. The pattern indicates that SOL is coiling up, potentially preparing for a significant move once a breakout occurs. This period of sideways trading isn’t without significance. Historically, such consolidation phases can act as a prelude to sharp breakouts or breakdowns. Traders are now closely watching for volume spikes or candlestick signals that could hint at the next major trend. Current Market Context: Why Solana Consolidation Matters GemXBT emphasized that key support lies below the current price, around the $146 level, which has acted as a crucial buffer, preventing further declines and helping to maintain short-term stability. On the upside, immediate resistance is forming near $150, a level that has previously halted bullish advances. This resistance zone is now being closely monitored, as a breakout above it could trigger a stronger upward push. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play GemXBT further elaborated on the technical indicators that support SOL’s current consolidation outlook. He noted that the Relative Strength Index (RSI) continues to hover in the neutral zone, reflecting the prevailing market indecision. This midpoint reading indicates that neither bullish nor bearish momentum is dominant at the moment, which aligns with Solana’s sideways price movement. The lack of an overbought or oversold signal suggests that a breakout in either direction is still on the table, making the coming sessions particularly crucial for confirming the next trend. In addition, GemXBT highlighted that the Moving Average Convergence Divergence (MACD) has recently formed a minor bearish crossover, which could be an early warning sign of building downward pressure. Although the signal isn’t strong enough to confirm a trend reversal yet, it does raise concerns, especially if the $147 support level fails to hold. The Battle Between Bulls And Bears Based on GemXBT analysis, as Solana continues to consolidate between the $146 and $150 range, the market is at a crucial indecision point. After breaking out of the zone between $146 and $150, the next resistance to watch is the $164 level. If buyers are able to push the price past this barrier, it could pave the way for a rally toward the $211 level and beyond, marking a significant shift in momentum and market sentiment. Related Reading: Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout However, if bearish pressure intensifies and the $146 support gives way, it might trigger a sharper decline as sellers regain control. In that case, lower support areas such as $137 and $118 would come into play quickly. With both Solana bulls and bears eyeing these pivotal levels, the next decisive move is likely to set the tone for SOL’s short-term trend. Featured image from Adobe Stock, chart from Tradingview.com
Solana has held strong above the $145 level, maintaining a bullish structure despite recent market volatility. However, bulls have failed to push decisively above the $155 resistance zone, a key level that could open the door to a broader rally. While the current price action favors buyers, the failure to break higher suggests that a retrace may be on the table if momentum continues to fade. Related Reading: Chainlink Flashes Daily Buy Signal – Breakout Next? Top analyst Jelle shared insights on X, noting that Solana’s monthly candle “is not looking too shabby.” According to Jelle, SOL took out all the consolidation lows and still managed to close the candle back above those levels—a positive technical signal suggesting resilience and potential continuation. Still, traders remain cautious, with many watching the $155–$160 area as the next big hurdle. A confirmed breakout above that zone could signal a move toward previous highs, while continued rejections might trigger a healthy correction into lower demand levels. With global markets still dealing with macroeconomic uncertainty, the next few sessions will be crucial for SOL. Bulls must act quickly to defend current levels and reclaim higher ground if they want to keep the trend in their favor. Solana At A Pivotal Level Amid Market Uncertainty Solana is currently trading at a critical level that could serve as a major pivot point for either a strong bullish recovery or a continuation of the broader bearish trend. While global tensions and ongoing trade conflicts between the U.S. and China continue to weigh on investor sentiment, recent market behavior hints at a potential bounce. The broader crypto market has shown signs of resilience, and Solana has been one of the standout performers. Since early April, Solana has climbed over 58%, recovering significantly from its local low near $95. This upward movement has helped shift short-term sentiment, but the price now faces a key test at the $160 resistance level. A clean break and hold above this zone could open the door for a larger rally, potentially taking SOL toward its previous highs. Jelle’s optimistic analysis highlights that Solana’s latest monthly candle is showing strength. According to Jelle, SOL took out all the consolidation lows and still managed to close the month back above them—typically a bullish sign. This sets the stage for a possible retest of the $240 level, a target that aligns with historical resistance and previous price action. However, failure to clear $160 could lead to renewed selling pressure, especially if global macro conditions worsen. For now, bulls must defend current levels and aim for a breakout to maintain momentum. Related Reading: Ethereum Consolidates Against Bitcoin – Dominance Shift On The Horizon? Crucial Test At $160 Resistance Solana (SOL) is currently trading at $147 after several days of struggling to break above the recent high of $157. Bulls have maintained control in the short term, but momentum appears to be fading as price action continues to stall below the key $160 resistance zone. This level remains a crucial barrier that needs to be reclaimed decisively to confirm a continuation of the uptrend. To sustain the bullish structure and avoid a deeper retracement, SOL must push through $160 and target the $180 level next. A successful move above this range would not only restore confidence but could also set the stage for a stronger recovery in the broader altcoin market. However, the longer Solana fails to break higher, the greater the risk of a pullback. If bulls lose momentum and selling pressure builds, a correction into the $130–$120 zone becomes increasingly likely. This area has previously served as a key demand zone and could offer support if tested again. Related Reading: Ethereum Shows 4H Bearish Divergence – Can Bulls Hold $1,750? For now, all eyes are on SOL’s ability to reclaim $160. The next few sessions will be critical in determining whether Solana resumes its upward trajectory or enters a consolidation and correction phase. Featured image from Dall-E, chart from TradingView
After reclaiming crucial levels, Solana (SOL) has been moving sideways within a key price range, with its next direction yet to be determined. However, some analysts suggest a breakout could kick-start a new bullish rally in the coming months. Related Reading: Monero (XMR) Price Jumps 50% Amid ‘Suspicious’ $330 Million BTC Transfer – Details Solana Moves Within Key Range Amid its 15% biweekly recovery, Solana, one of the leading altcoins of this cycle, has attempted to reclaim a crucial resistance after recovering the $140 support for the first time since late February. Earlier this month, the cryptocurrency fell to a 14-month low of $95 amid the market retraces, which saw Bitcoin (BTC) and Ethereum (ETH) retest key horizontal levels. Since hitting its $293 all-time high (ATH), SOL has retraced up to 63%, trading 50% below its January high at the time of writing. However, Solana climbed above some crucial ranges during the recent crypto market recovery. Over the past few weeks, the altcoin has successfully recovered the $120 and $130 support zones, breaking above the $140 resistance seven days ago, where the SOL price has been rejected since losing the level nearly two months ago. As a market watcher pointed out, Solana has been moving sideways, consolidating within the $145-$157 range for the past week. The trader noted that this range could decide SOL’s next direction, with a breakout above the upper boundary positioning the altcoin to retest higher levels. On the contrary ,if it breaks down this price range, the “next support level below at around $136,” which could also risk a drop to the $100-$120 support zones. However, Ali Martinez recently stated that Solana is forming a “textbook-perfect cup and handle pattern,” which could mark the start of a major rally for SOL. SOL Price Preparing For A Breakout? Analyst Alex from AMCrypto noted that Solana’s short-term downtrend is over after a recent breakout. He identified that SOL broke out of a seven-day falling wedge that formed within its current range, surging above the upper trendline on Monday. According to the analyst, “SOL could hit $170-$180 in the short term and most likely a new ATH by Q3/Q4,” based on its utility and demand. “It recently surpassed all other L1s and L2s combined in DEX volume, which shows its immense utility. Along with that, multiple companies are also raising funds to buy SOL, which will further add demand,” he explained. With the price attempting to hold the $150 mark, trader Lluciano_BTC considers the current level “a strong hold.” He highlighted that Solana’s uptrend “is only getting started” after breaking out of a multi-month falling wedge formation at the start of the month. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto According to the chart, SOL broke out of the pattern ahead of the sub-$100 correction, testing a key demand zone during the following pullback. After recovering the $120 mark, the altcoin has been in an uptrend, which eyes the $170 resistance as the next target. As of this writing, Solana trades at $149, a 1.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The solution went live in the Netherlands, France, Spain, Ireland, Italy and Belgium, with plans to expand across the EEA, UK and U.S.
Solana started a fresh increase from the $142 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone. SOL price started a fresh increase above the $140 and $142 levels against the US Dollar. The price is now trading above $145 and the 100-hourly simple moving average. There is a short-term contracting triangle forming with resistance at $152 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $155 resistance zone. Solana Price Consolidates Gains Solana price formed a base above the $135 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $140 and $142 resistance levels. The pair even spiked toward the $155 resistance zone. A high was formed at $153.30 before there was a pullback. The price dipped below $150. A low was formed at $145 and the price started a consolidation phase above the 23.6% Fib retracement level of the downward move from $153.30 swing high to the $145.54 low. Solana is now trading below $152 and the 100-hourly simple moving average. There is also a short-term contracting triangle forming with resistance at $152 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $149.50 level. The next major resistance is near the $150 level. The main resistance could be $152 and the 76.4% Fib retracement level of the downward move from $153.30 swing high to the $145.54 low. A successful close above the $152 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $165 level. Downside Correction in SOL? If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $147 zone. The first major support is near the $145 level. A break below the $145 level might send the price toward the $138 zone. If there is a close below the $138 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $147 and $145. Major Resistance Levels – $150 and $155.
Daily price action in the SOL/BTC pair is beginning to paint a sharply different picture from the one that dominated the first quarter, according to a chart shared on Sunday by veteran trader Josh Olszewicz. The one-day chart sets out a textbook inverse-head-and-shoulders (iHS) basing pattern that has been forming since early March and is now approaching the neckline around 0.00162 BTC. At the time of the screenshot, SOL was quoted at 0.001588 BTC. With bitcoin changing hands near $94,765, that places Solana at roughly $150 per coin. The anatomy of the pattern is hard to miss: a March 19 low at 0.00127 BTC ($120) forms the head, flanked by higher swing lows on March 11 left shoulder). The left shoulders is currently in the process of forming. The horizontal neckline aligns with the late-December floor that broke down in February, converting sturdy support into equally sturdy resistance. Measured from the head to the neckline, the amplitude is roughly 0.00033 BTC; a clean breakout would imply a technical objective near 0.00195 BTC—conveniently the lower boundary of the Kumo cloud’s far edge. Solana Bulls Have A Target The chart is overlaid with a long-look Ichimoku configuration (20/60/120/30). At the latest close the Tenkan-sen sat at 0.00150 BTC, the Kijun-sen exactly on the neckline at 0.00162 BTC, and Senkou Span A printed 0.001742 BTC while Span B held higher at 0.002159 BTC. The cloud itself remains bearish—thick, red and overhead—yet the span differential is beginning to compress, signalling waning downward momentum. A decisive push into the Kumo would trigger the classic Ichimoku edge-to-edge trade, targeting Span B at roughly 0.00216 BTC (about $205). Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? The bullish setup is occurring only two months after the market completed the mirror image of the same pattern. From mid-December to early-February, SOL/BTC carved out a prominent head-and-shoulders, lost the neckline in early February and cascaded directly to March’s iHs. That down-and-up symmetry gives extra weight to the current formation by demonstrating how faithfully the pair has respected classical geometry during the past half-year. “1D SOL/BTC – iHS + E2E at some point but not soon, probably late May,” Olszewicz wrote on X. The analyst’s caution reflects the fact that price is still beneath both the neckline and the Kijun-sen, and the Kumo does not thin materially until the final week of May. A premature break attempt risks rejection into a final right-shoulder retest near 0.00151 BTC ($143), which is also where the Tenkan-sen currently resides. Notably, the Chikou Span (lagging line) remains below price and cloud, emphasising that trend confirmation is pending; both Ichimoku purists and pattern traders could therefore agree that 0.00162 BTC is the line Solana bulls must flip decisively. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play If the edge-to-edge objective is achieved, SOL would add roughly 26 % against Bitcoin from present levels and reclaim ground last seen in early February. Should the neckline reject yet again, downside protection is thin until the twin shoulders at 0.00145–0.00148 BTC; a break of that shelf would invalidate the bullish thesis and reopen the March trough. For now, the market is content to coil beneath resistance while the clock ticks toward the cloud’s inflection. Whether Olszewicz’s late-May timetable proves prescient will depend on Bitcoin’s own trajectory and the broader risk environment, but the price structure on the Solana/Bitcoin chart is clear: after a bruising winter, the bulls finally have a pattern worth defending. At press time, SOL traded at $149. Featured image created with DALL.E, chart from TradingView.com
Solana is trading at critical levels after several days of trying to decisively break above the key $155–$160 resistance zone. Bulls are slowly building momentum, as the broader crypto market shows signs of strength and hints at the possibility of a sustained rally. However, global risks remain elevated, particularly as no clear resolution has been reached in the ongoing US-China trade conflict, which continues to shape macroeconomic sentiment and investor behavior. Related Reading: Ethereum Reclaims Local Range Against BTC – Can Bulls Target The Range High? Despite the uncertain backdrop, technical indicators are beginning to favor a bullish outlook for Solana. Top analyst Ali Martinez shared new insights, highlighting that when zooming out, Solana appears to be forming a textbook-perfect cup and handle pattern — a classic technical setup typically associated with major bullish breakouts. If validated, this pattern could set the stage for a strong upside move in the coming weeks. Still, caution is warranted, as broader market volatility and unresolved geopolitical tensions could disrupt the developing momentum. The next few days will be pivotal for Solana’s trend, as bulls must defend key levels and build enough pressure to attempt a true breakout above resistance. Solana Shows Strength Amid Shifting Market Dynamics Solana is up 58% since early April, showing impressive recovery momentum as market dynamics start to shift. After months of weakness and selling pressure, Solana is now emerging as one of the stronger performers among major altcoins. Analysts are closely watching the $160 level, with many calling for a decisive breakout that could unlock further gains. However, risks remain elevated. The broader macroeconomic environment remains unstable, with global trade conflicts and financial market volatility weighing on investor sentiment. Solana has been particularly sensitive to this uncertainty. Since January, SOL lost over 65% of its value, highlighting the growing selling pressure and speculative behavior that dominated the market during the first quarter of 2025. Despite this, the recent surge has shifted short-term momentum back in favor of the bulls, offering hope for a broader recovery if key levels are reclaimed. Martinez’s analysis supports a bullish outlook for Solana. He points out that zooming out reveals Solana is forming a textbook-perfect cup and handle pattern. This classic technical structure often precedes strong upward movements, especially when accompanied by growing volume and supportive macro conditions. If confirmed, this setup could mark the beginning of a major rally for SOL in the weeks ahead. Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? SOL Price Action Remains Tight Below Key Resistance Solana (SOL) is trading at $151 after several days of consolidation below the crucial $160 resistance zone. Bulls have managed to defend recent gains, but momentum has slowed as the price struggles to push higher. Reclaiming the $160 level is essential for bulls to regain full control and continue the recovery. A clean breakout above $160 could trigger a rally toward the $180 mark, which aligns with the 200-day moving average (MA) — a critical technical barrier that, if flipped into support, would confirm a strong trend reversal. However, risks remain elevated if bulls fail to reclaim the $160 resistance soon. A failure at this zone could expose SOL to a deeper correction, potentially dragging the price back toward the $120–$100 support area. This would not only erase recent gains but could also damage market sentiment, slowing Solana’s recovery efforts. Related Reading: Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? For now, consolidation just below resistance suggests that buyers are attempting to build strength. However, the next few days will be critical to determine whether SOL can break higher or enter another corrective phase. All eyes remain on the $160 breakout level as the battle between bulls and bears intensifies. Featured image from Dall-E, chart from TradingView
Digital assets are becoming an emerging safe haven amid concerns over the impact of U.S. tariffs, Head of Research James Butterfill said.
Solana is trading at critical levels after a volatile week that saw major surges across the crypto market. While the rally has sparked optimism, analysts remain sharply divided. Some believe this is just a healthy correction within a broader bull cycle, while others warn that the crypto market may have already entered a new bear phase. Related Reading: Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? For Solana, the next few weeks are expected to be decisive. Top analyst Inmortal shared insights on X, highlighting that within the next 30 days, the market will likely reveal whether Solana’s latest recovery attempt is a simple bear market bounce or the beginning of a bull market dip and new expansion. As Solana holds above key technical levels, price action will be critical to determine sentiment. The stakes are high, especially as macroeconomic uncertainty, driven by global trade tensions and monetary policy shifts, continues to cloud the broader financial landscape. Investors should stay cautious, but alert. Solana’s next move could set the tone not just for its own trajectory, but for the altcoin sector as a whole heading into the summer months. The clock is ticking on this crucial phase. Solana Approaches Critical Level Amid Sharp Recovery Solana has rebounded sharply from its April 7 local low around $95, gaining an impressive 54% in just a few weeks. Bulls have regained momentum as Solana trades near critical resistance levels, with analysts calling for a potential push above $160 in the short term. However, despite this strong recovery, risks of a downside reversal remain high. Since January, Solana has been one of the hardest-hit major cryptocurrencies. It lost over 65% of its value during the most recent downtrend, highlighting the intense selling pressure and increased speculation across the broader market. While the recent rally is encouraging, many are questioning whether it marks the start of a new bullish phase or just a temporary rebound within a larger bearish trend. Inmortal’s insights emphasize that May will be a decisive month for Solana. According to him, “you can’t imagine how vital May is.” Over the next 30 days, the market is expected to reveal whether Solana’s recent strength represents a simple bear-market bounce or the beginning of a true bull-market dip that could lead to further gains. The coming weeks will be critical, and Solana’s price action will likely set the tone for the entire altcoin market this summer. Related Reading: SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play? Price Action Details: Key Levels To Watch Solana (SOL) is trading at $146 after losing around 6% of its value since Friday. Despite the strong rally earlier this month, bulls are now facing increasing pressure to defend current levels. SOL must reclaim the $180 level, which aligns closely with the 200-day moving average (MA), to resume the bullish trend and regain market confidence. The $180 mark is critical because a decisive move above it would signal strength and open the door for a push toward higher resistance zones. Without this breakout, however, the current rally risks fading into another lower high, further weakening Solana’s structure. On the downside, losing the $140 level would be a major red flag for bulls. A sustained breakdown below this support could trigger a deeper correction, with price potentially dropping below the psychological $100 mark. Such a move would likely accelerate bearish sentiment and invite further selling pressure, especially as macroeconomic risks and global uncertainty continue to weigh on the crypto market. Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line? The next few days will be key for SOL. Bulls must act quickly to defend, support, and attempt a recovery, or risk opening the door to another major leg down. Featured image from Dall-E, chart from TradingView
DeFi Development Corp. plans to use proceeds to bolster its Solana-focused treasury strategy and fund corporate initiatives.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paradigm has led a $50 million Series A round for decentralized AI startup Nous Research, bringing its token valuation to $1 billion.
Solana started a fresh increase from the $132 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone. SOL price started a fresh increase above the $135 and $150 levels against the US Dollar. The price is now trading above $150 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $155 resistance zone. Solana Price Gains Over 10% Solana price formed a base above the $132 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $135 and $145 resistance levels. The pair even spiked toward the $150 resistance zone. A high was formed at $154.55 and the price is now consolidating gains. There was a minor move below the 23.6% Fib retracement level of the upward move from the $145 swing low to the $155 high. Solana is now trading above $150 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $150 on the hourly chart of the SOL/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $145 swing low to the $155 high. On the upside, the price is facing resistance near the $154 level. The next major resistance is near the $155 level. The main resistance could be $162. A successful close above the $162 resistance zone could set the pace for another steady increase. The next key resistance is $175. Any more gains might send the price toward the $180 level. Pullback in SOL? If SOL fails to rise above the $155 resistance, it could start another decline. Initial support on the downside is near the $150 zone. The first major support is near the $145 level. A break below the $145 level might send the price toward the $138 zone. If there is a close below the $138 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $150 and $145. Major Resistance Levels – $155 and $162.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Up to 75% of the fund's capital is expected to go toward Solana-based projects, RockawayX's Samantha Bohbot told The Block.
Nasdaq-listed DeFi Development Corporation also announced Wednesday that it purchased around 65,305 SOL, bringing its total to 317,273 SOL.
The firm, formerly known as Janover, continued its buying spree for its long-term crypto holdings acquiring locked SOL tokens below spot prices
The Toronto-listed firm said it will use the capital to buy more SOL and expand its Solana validator business.
What are spot Solana ETFs and why are they important? A spot Solana ETF is an exchange-traded fund that holds Solana (SOL) tokens directly, providing investors real-time exposure to the asset’s market price. Rather than using complex trading platforms or crypto wallets, you can access Solana via a regulated financial product traded on a traditional stock exchange. The value of Solana ETFs is directly tied to the open market price of SOL, offering a simple way to gain exposure to the blockchain’s performance without directly holding the asset. Unlike futures-based ETFs that use derivative contracts to speculate on Solana’s future prices, a spot ETF tracks the performance of the actual asset. This distinction is significant because futures products may face pricing inefficiencies, leading to performance mismatches over time. Spot ETFs are more transparent and directly reflect SOL's real-time supply and demand on the Solana blockchain.Spot Solana ETFs mark a significant step toward mainstream crypto adoption. These products enable retail and institutional investors to gain exposure to the Solana ecosystem while operating within the bounds of securities regulations.Like spot Bitcoin and Ethereum ETFs, spot Solana exchange-traded funds are expected to expand market access and serve as another entry point to decentralized finance (DeFi) for traditional investors.Did you know? Spot ETFs aim to mirror an asset’s current price by directly holding the asset, while futures ETFs use derivative contracts to speculate on future price movements. Launch of spot Solana ETFs on the Toronto Stock Exchange On April 16, 2025, four spot Solana ETFs started trading on the Toronto Stock Exchange, following approval from the Ontario Securities Commission (OSC). With this, Canada became the first country to launch spot SOL ETFs with staking. The OSC granted approval to the spot Solana ETFs of four asset managers: 3iQ, Purpose, Evolve and CI Financial. Unlike products that only track Solana’s price, these funds hold SOL tokens, giving investors direct ownership of the asset. The funds are secured via institutional-grade cold storage custody. Each fund tracks a distinct Solana-related index, offering diverse strategies with onchain asset backing. Despite their structural differences, these ETFs are all designed for long-term investment, reflecting the issuers' strong belief in Solana's future in DeFi.By incorporating staking, these spot Solana ETFs provide an active way for investors to earn returns in the cryptocurrency market, all within a regulatory framework and secure, institutional-grade custody services.These ETFs enable staking through a partnership with TD Bank, allowing the SOL they hold to actively support and secure the Solana network. In return, the network issues staking rewards, which can be passed on to investors. Since Solana typically offers higher staking yields than Ethereum, this structure may translate into greater potential returns for investors. How does staking boost returns for Solana ETF investors? By offering staking, these spot Solana ETFs may boost returns for investors by an estimated 2%-3.5% annually, in addition to the performance of the underlying SOL. The ETFs generate yield by working with staking partners that delegate up to 50% of the fund’s assets for staking. Staking rewards generated by the ETF are typically shared between shareholders and the fund manager, with the specific allocation varying depending on the ETF issuer.Management fees of these spot Solana ETFs vary from 0.15% to 1%, with some providers offering fee waivers during the initial launch phase. After two days of trading, the combined assets under management for the four ETFs total about $73.5 million.Staking Solana may yield higher returns than staking Ether (ETH). The ETFs intend to pass these additional rewards on to investors, potentially reducing the long-term cost of owning the ETF.Here is a comparison between the various spot Solana ETFs with staking approved in Canada:Cathie Wood’s ARK Invest has incorporated staked Solana into its ARKW and ARKF ETFs, with both funds now holding shares of Canada’s 3iQ Solana Staking ETF (SOLQ).Did you know? Altcoin ETFs track the prices of one or more cryptocurrencies other than Bitcoin (BTC). They diversify investor exposure within the cryptocurrency market, as various altcoins exhibit different price behaviors and underlying strengths. How Canada’s spot Solana ETFs unlock passive income opportunities Canada offering spot Solana ETFs with staking is an innovative step. Existing SOL investment products, such as the crypto ETFs in Europe and the futures-based ETFs in the US do not offer an opportunity to earn staking yield.Incorporating yield into a regulated crypto ETF structure addresses a long-standing demand from investors and asset managers interested in proof-of-stake (PoS) networks like Solana and Ethereum. As staking is central to these tokens’ value, its inclusion enables SOL ETFs to offer a passive income component, making them more appealing to traditional investors seeking income-generating opportunities. The OSC’s approval of the staking feature for spot Solana ETFs may boost SOL’s position. However, staking carries risks, such as potential losses from validator penalties (slashing) or network disruptions, which could affect returns.Nonetheless, this approval reinforces Canada’s pioneering role in crypto ETF innovation, having launched the world’s first spot Bitcoin and Ethereum ETFs in 2021, ahead of many other jurisdictions. By allowing staking rewards in spot Solana ETFs, Canadian regulators have signalled a growing acceptance of crypto-powered finance. Did you know? ETFs aren’t without risks. Market fluctuations can lead to losses, and tracking errors can cause an ETF'’s performance to differ from its benchmark index, affecting investor outcome. What Canada’s launch of Solana ETFs with staking means for pending SEC applications Canada’s decision provides alternative cryptocurrency investment choices for its investors and may serve as an example for other countries considering spot ETFs for cryptocurrencies other than Bitcoin.Despite a subdued global macroeconomic climate — partly shaped by trade tensions during Donald Trump’s presidency — Canada’s regulators have taken a proactive stance, embracing innovation in the digital asset space. The greenlighting of Solana ETFs with staking reflects a maturing approach to crypto policy and signals confidence in alternative layer-1 networks.Meanwhile, in the United States, anticipation is building. The launch of Solana futures on the Chicago Mercantile Exchange (CME) on March 17, 2025, is seen as a stepping stone toward a US spot ETF. The SEC is currently reviewing 72 crypto-related ETF applications as of April 21, covering a spectrum of assets from major altcoins like XRP (XRP) to memecoins like Dogecoin (DOGE), including proposals for leveraged and derivative products.As of April 21, 2025, the SEC is reviewing 72 crypto-related ETF applications, including derivatives. The filings range from major cap altcoins to memecoins and include leveraged products and options. The outcome of Canada’s pioneering approach may offer valuable insights to regulators and could potentially influence the SEC’s decisions regarding these filings.However, the SEC’s stance may differ significantly from Canada’s due to structural and regulatory complexities within the US financial system. Unlike Canada's more unified regulatory framework, the US divides oversight between multiple agencies — including the SEC, CFTC, and state regulators — creating friction in crypto policymaking.Canada’s trailblazing move could nonetheless offer a valuable case study for US regulators. As markets await the SEC’s decisions, the key question remains whether Washington will follow Ottawa’s lead — or chart its own course and a slower timeline for non-Bitcoin spot ETFs.
The Nasdaq-listed company now holds over $34 million in SOL since adopting a Solana treasury strategy earlier this month.
Cryptocurrency prices are starting to grind through a period of slow but steady gains in the past 48 hours, with Bitcoin again leading the charge and most altcoins lagging in recovery. In a recent post on the X platform, popular Bitcoin maximalist and CEO of JAN3, Samson Mow, described the misleading nature of unit bias among altcoins. According to Mow, Ethereum at $9,200, XRP at $5,800, and Solana at $3,400 is virtually impossible, given the current supply of these tokens. Unit Bias And Market Cap: The Numbers Don’t Lie Mow’s post on X challenges how investors perceive the value of altcoins like Ethereum, XRP, and Solana. He proposed a reframing of altcoin valuations by applying Bitcoin’s supply model to them. Bitcoin was created with a total possible circulating supply of 21 million units, with 19.85 million of those currently in circulation. Related Reading: Samson Mow Dumps Bitcoin Bombshell: Current Price Action Is ‘Manufactured’, Not Natural At the time of writing, one unit of 21 million Bitcoins is trading around $88,000. This price might be too much for retail traders. As such, the idea of owning a whole unit of XRP or Solana feels more accessible to newcomers and retail traders compared to buying a fraction of Bitcoin with the same capital. To expose how misleading this mindset can be, Mow reimagines altcoin valuations by dividing their total market capitalizations by Bitcoin’s 21 million supply cap. This is essentially asking what one unit of these assets would cost if they had the same scarcity of supply as Bitcoin. Based on current market caps, Ethereum would be valued at approximately $9,200, XRP at $5,800, and Solana at $3,400. Given the current price of Ethereum, Solana, and XRP, these figures are unrealistic and reveal how much of the altcoin appeal is driven by unit bias rather than actual value. Furthermore, it shows that Bitcoin has better fundamentals and scarcity in its supply dynamics. Narrative Of Bitcoin Dominance Getting Stronger For Mow and other Bitcoin maximalists, the disparity in Bitcoin supply and that of popular altcoins is yet another reason why Bitcoin dominance is likely to grow stronger in the long run. Notably, the inflows into spot Bitcoin ETFs and increasing recognition among traditional finance investors are strengthening the case for Bitcoin’s dominance going forward. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone Notably, Mow’s perspective stands in opposition to the outlook held by some analysts who still anticipate an incoming altcoin season. These analysts believe that Bitcoin dominance, despite currently sitting at a yearly high of 63.5%, could be on the verge of a reversal. One notable technical analysis even projected a sharp crash in dominance toward the 40% mark in the coming months. At the time of writing, Bitcoin is trading at $88,530, up by 1.3% in the past 24 hours. Ethereum is trading at $1,620, representing a 1.5% decline over the same period. Solana is down 0.5% at $140, and XRP is trading at $2.09 after a 1.63% decline in the past day. Featured image from Pixabay, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The firm began buying and staking SOL after being acquired by former Kraken executives earlier this month.
On-chain data shows a Solana whale has made a large withdrawal from Binance in the past day, a sign that could be bullish for SOL’s price. Solana Whale Has Made A Large Transaction In The Last 24 Hours According to data from the cryptocurrency transfer tracker service Whale Alert, a massive transaction has been spotted on the Solana network during the past day. Related Reading: Cardano Breaks Out Of Triangle—27% Surge Incoming? The transfer in question involved the movement of 374,161 SOL, worth around $52.7 million at the time the move was executed on the blockchain. Given the large scale involved, it’s likely that a whale entity was responsible for the transaction. Whales are the big-money investors who can carry some degree of influence in the market. Naturally, the movement of just one such holder is unlikely to directly affect the cryptocurrency’s price, but it can still be useful to keep an eye on it as it may reveal what the sentiment is like among the large entities. Given the anonymous nature of the blockchain, though, it’s hard to gain anything from many of the transactions, as they occur between self-custodial wallets. Such transfers can correspond to anything, whether that be P2P trading or a simple change of wallets. Some moves do have unique identifiers attached to them, however, like those that involve central platforms. Fortunately, the Solana whale transfer of relevance in the current discussion is of this type. Here are the wallet details related to this transaction: As is visible above, the sending address in the case of this Solana transfer was one attached to the cryptocurrency exchange Binance. The destination of the move, on the other hand, was an unknown wallet, meaning it wasn’t affiliated with any known central entity. A transaction of this type where coins flow from an exchange to a self-custodial address is called an exchange outflow. Generally, investors withdraw their coins from the custody of the exchanges when they plan to hold in the long term, so exchange outflows can prove to be bullish for SOL’s price. If the whale in the current transfer has truly made the withdrawal for accumulation purposes, then it could certainly be a positive sign for the asset, given the scale involved. Related Reading: Bitcoin Mega Whales Keep Buying—Is Rest Of Market Finally Catching Up? Just like how outflows can be positive, inflows can be negative instead. Another top cryptocurrency, XRP (XRP), has seen this latter type of whale transaction today. The details related to the XRP whale exchange inflow | Source: Whale Alert With this transfer, a whale has deposited a total of 29,532,534 XRP (about $62.6 million) to the cryptocurrency exchange Coinbase. If the investor has made the large move for selling-related purposes, then this could be a bad sign for the asset. SOL Price At the time of writing, Solana is trading around $134, up almost 4% in the last seven days. Featured image from Dall-E, whale-alert.io, chart from TradingView.com
Solana is showing signs of strength as it pushes above a key resistance level, suggesting that bulls are beginning to regain some control after weeks of weakness. The broader crypto market remains volatile, driven by ongoing macroeconomic uncertainty and heightened trade tensions between the US and China. Despite these risks, investor sentiment appears to be improving slightly, fueling hopes that Solana and other altcoins could enter a recovery rally. Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level – Insights However, caution remains warranted. Top analyst Ali Martinez shared a technical signal that tempers the recent optimism—according to his analysis, Solana may be due for a short-term pullback. A sell signal has flashed on the 12-hour chart using the TD Sequential indicator, which has historically marked local tops and price exhaustion phases. While Solana’s recent breakout is encouraging, the presence of this bearish signal suggests the rally may be losing steam in the near term. Investors will be watching closely to see whether SOL can hold support above the reclaimed levels or if it retreats under selling pressure. For now, the market is caught between early signs of recovery and the ever-present risk of another leg down. Solana Faces Key Resistance As Short-Term Pullback Signal Emerges Solana has surged over 48% since April 7, signaling renewed momentum after a prolonged period of intense selling pressure. Bulls are now facing a critical test as price approaches the $150 level—a key resistance zone that has held back further advances in the past. Despite the recent recovery, Solana remains one of the most affected assets during the 2025 downtrend, having lost more than 65% of its value since its January peak. This underscores the significance of the current move and the importance of holding higher levels to confirm a true reversal. Still, caution is warranted. Martinez shared data on X highlighting a TD Sequential sell signal on the 12-hour chart—a technical indicator that often precedes short-term trend exhaustion or reversals. The TD Sequential works by identifying a sequence of price movements that can indicate overbought or oversold conditions. If the signal plays out, Solana could face a temporary pullback before any sustained upside continues. Macroeconomic factors remain in play, with ongoing trade tensions between the US and China still shaping sentiment across global markets. However, hopes for a potential agreement between the two countries and expanding global liquidity are giving bulls some optimism, especially within the altcoin sector. Related Reading: Metrics Reveal Solana Sees Uptick In Whale Activity – Accumulation Signal? SOL Price Hovers At Pivotal Zone: What’s Next? Solana (SOL) is currently trading at critical levels, testing the key $150 resistance zone after a sharp recovery from recent lows. Bulls must reclaim and hold above this level to confirm a breakout and validate the start of a sustained uptrend. A decisive move above $150 would likely trigger further buying momentum, possibly leading to a retest of higher targets not seen since early March. However, if SOL fails to break above this barrier in the short term, a period of consolidation between the $130 and $120 levels could still signal strength. Holding this zone would suggest that bulls are building a base for continued upward price action and absorbing selling pressure without a significant retrace. Such consolidation phases are often considered healthy in bullish market structures, allowing momentum to rebuild before the next leg higher. Related Reading: Cardano Whales Offload 180 Million ADA In 5 Days – Smart Profit-Taking? On the downside, failure to hold the $120 support level could expose SOL to deeper losses, with the $100 zone as the next significant area of demand. A break below this level would invalidate the current bullish outlook and possibly reignite a broader downtrend. For now, all eyes are on SOL’s reaction around the $150 mark. Featured image from Dall-E, chart from TradingView
South Korea's central bank says it will 'actively participate' in stablecoin legislation development and GSR helps a consumer products firm establish a SOL treasury.
Upexi will use the capital to build a treasury model centered on solana staking, with GSR leading the private placement.
Solana price today appears to be gaining bullish traction, with the SOL price rebounding strongly from the $120 support zone. Over the past 30 days, the altcoin has gained 8.9%, including a 6.3% rise in the last week. According to Coinpedia Markets, at press time, Solana is trading at $140.22, with immediate resistance at $142 …
Crypto trading GSR lead a $100 million deal into Upexi to help it create a Solana-based cryptocurrency treasury.