📰 Current top news
Major investment from BIT Mining
BIT Mining announced it will invest between 200-300 million dollars to purchase SOL and create a large treasury of the currency, resulting in its stock on Wall Street more than doubling (newsnow.com, Investopedia).
Investment flows into the Solana-staked ETF
REX-Osprey Sol + Staking ETF (SSK) was launched on the U.S. stock exchange, achieving trading worth 20 million dollars on its first day, and is expected to expand its share further with the launch of similar funds (Cointelegraph, MarketWatch).
* Attracting global institutions
* Upexi raised 200 million dollars to support the SOL treasury, which will hold over 1.6 million SOL (~270 million dollars) (decrypt.co).
* Aurora Mobile is considering adding SOL to its financial strategy as a form of institutional diversification (stocktitan.net).
* Expanding Solana's reach
* Solana now supports products like tokenized stocks through partnerships with institutions like Deutsche Bank and Robinhood, in addition to launching the first staking ETF in the United States (cincodias.elpais.com).
* The memecoin platform 'LetsBonk' has surpassed Pump.fun in daily revenue, reflecting increased activity in the Solana ecosystem (Cointelegraph).
* Regulatory moves
* The U.S. Securities and Exchange Commission (SEC) has issued new guidelines to facilitate the launch of the Solana-linked ETF, with final approval expected by fall.
The chances of approval are now estimated at about 99% according to specialized analysts (Binance).
📈 Technical analysis and short-term outlook
* SourceCurrent StatusShort-Term ForecastTradersUnion & CoinLoreRange between 162-166 dollars, could reach 181 next week BraveNewCoin & BanklessTimesForming bullish momentum with the possibility of reaching 180–200 dollars in days Binance & ChangellyExpecting a ~5% increase to reach 163–165 dollars in 30 days TradingViewWarns of bearish pressure and the possibility of a drop to 95–100 dollars before any further gains
🔮 Predictions for the next two days
Key technical support: around 157–160 dollars.
Key resistance: between 165–168, and if broken, it may extend towards 180.
Downside risk: If the overall market declines, we may see a new test of the 150–155 dollar range.
✅ Brief summary
Institutional flows and major corporate investments indicate strong demand for SOL.
The regulatory approval path for ETF funds has become clear, supporting the bullish expectations.
Slight decline since yesterday (approximately -4%), but technical support remains stable around 157.
In the near term, the general trend is bullish, and the likely scenario is continued momentum towards 165–180 dollars in the coming days, with caution against sudden drops.
If you wish, I can follow daily updates or provide you with technical charts or follow-up recommendations. You can also track SOL's movement over the next week based on performance and volume. Would you like that?
Investopedia
MarketWatch
Reuters
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