Solana’s staking ETF hit over $67 million in trading volume within two days, highlighting strong institutional interest.
The total value locked on Solana jumped from $6 billion to $8.61 billion since April, showing growing DeFi engagement.
A bullish fractal pattern and positive momentum indicators signal that SOL may approach the $200 mark in July 2025.
Solana (SOL) is showing signs of strong market momentum as it trades near $150 in early July 2025. This upward trend comes amid significant institutional interest, which has intensified with the recent launch of a SOL staking ETF. In just two days of trading, the ETF surpassed $67 million in volume, surpassing several established crypto products. The strong demand has positioned Solana as a key asset among institutional players.
Alongside ETF activity, a substantial investment from DeFi Development Corp. has further underlined rising institutional confidence. The firm acquired 17,760 SOL tokens, valued at over $2.72 million. This purchase is part of a broader strategy to build a treasury and may contribute to market stability by reducing supply.
Defi Growth and User Activity Continue to Strengthen
Solana's growing appeal is also supported by data reflecting increasing network activity. As per DeFiLlama, the TVL of the network increased from April ($6 billion) to July ($8.61 billion). The number of returning users has increased to 3.3 million, and this is an indication of great activity moving around the ecosystem. This active experience is evidence of the overall use of Solana-based apps.
On technical analysis, there is a likelihood that SOL is going through a repetition of a bull-fractal pattern as witnessed way back in April 2025, to have a price increase of 65%. Assuming the trend will continue as usual, Solana might soar towards the subsequent sum of approximately 208 dollars by mid-July. The AO histogram has reversed to the positive side, indicating a trend that normally implies a strengthening of buy pressure as well as bullish momentum.
Even though the present indicators are pointing towards a bullish trend, as long as the investors continue to be actively involved, the rally should continue. SOL is presented in the daily chart in an ascending channel, and the structure seems complete to break
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