• Solana’s network activity hit a record 15.39 million addresses.
• SEC fast-tracks SOL ETF filings after SSK ETF launch.
• SOL nears key $160 resistance amid strong technical setup.

Solana (SOL) has seen an impressive 45.6% surge over the past three months, driven by record-breaking network activity and growing optimism around a potential exchange-traded fund (ETF) approval in the United States. Notably, the price hike has brought SOL closer to the key resistance zone around $160, raising hopes of a breakout as momentum builds from both technical and fundamental fronts. Daily activity on the Solana Network hits record highs Solana’s network has witnessed a sharp increase in usage over the past few weeks, with Daily Active Addresses (DAA) soaring to a historic peak of 15.39 million. This surge in on-chain engagement reflects rising demand for the platform’s decentralised applications and staking services, especially at a time when other blockchain networks have shown stagnation. In the first week of July, activity briefly dropped below 5 million, only to rebound to 14.63 million by July 7, signalling strong underlying user interest and a resilient ecosystem. Such consistent growth in user activity is often a precursor to sustained price appreciation, particularly when it coincides with positive market sentiment. Solana ETF speculation adds to bullish momentum Speculation around the approval of a Solana ETF has intensified after the US Securities and Exchange Commission (SEC) asked fund issuers to update and resubmit their applications by the end of July. While the SEC has until October 10 to reach a final decision, sources close to the matter have suggested that the timeline could accelerate following the surprise launch of the SSK ETF — the first Solana staking fund to go live in the US. The SSK ETF, launched by REX Shares and Osprey, drew $12 million in inflows on its first day and recorded $33 million in trading volume, adding urgency to the SEC’s response timeline. Analysts believe that the existence of a live Solana-based ETF has pressured the SEC to avoid giving one fund a competitive edge, as it did in the case of Bitcoin and Ethereum ETF approvals. This regulatory backdrop has contributed to renewed bullishness in the Solana market, even though approval is not yet guaranteed. Investor behaviour signals quiet accumulation Exchange data also supports the bullish setup, with net outflows from centralised platforms increasing steadily in recent weeks. This trend usually indicates that investors are moving their holdings into cold storage or decentralised wallets, a common signal of accumulation by long-term holders. Moreover, despite low or negative funding rates, which show a lack of aggressive long positions, the market has remained firm — a setup that could lead to a short squeeze if SOL breaks higher. With funding rates staying flat and volume holding above $4.5 billion daily, momentum could shift quickly if key resistance levels are cleared. Technical analysis points to a breakout attempt On the charts, Solana (SOL) is rounding off a classic cup-and-handle pattern, which is typically a bullish continuation signal when followed by a breakout above the upper handle. Currently, SOL is hovering just under the critical resistance zone between $159 and $163.82, levels that align with key moving averages and Fibonacci retracements. At the time of writing, Solana was trading at $150.76, slightly below the $159 barrier that has capped its rallies for several weeks. The price stability above $150, despite volatile market conditions, shows strong buying pressure and investor confidence, even as leveraged traders remain on the sidelines. While the Moving Average Convergence/Divergence (MACD) shows momentum tapering off, it remains near the zero line, indicating a potential trend reversal if upward pressure continues. The Relative Strength Index (RSI) sits close to 50, revealing investor indecision but also suggesting room for a significant move in either direction. A clean breakout above $159 would likely confirm the cup-and-handle formation and open the door to higher targets, with $194.25 and $215 as the next major price zones to watch. The post Solana price jumps 45% as network activity soars: can SOL breach $160? appeared first on CoinJournal.

Interest in cryptocurrency is growing in the U.S. due to regulatory changes and institutional support. Key cryptocurrencies under consideration include […]

Solana is facing a critical test this week, consolidating in a tight range between $145 and $160 since Monday. The price action reflects strong buying interest but also hesitation as bulls struggle to reclaim higher levels. Despite holding above key support, Solana must break decisively above resistance to confirm a bullish breakout and continue its upward trend. Market momentum has favored bulls in recent weeks, but Solana’s inability to breach the $160 zone raises questions about the strength of this trend. Top analyst Carl Runefelt shared insights highlighting that Solana is currently ranging within a rising channel pattern—a structure that, while seemingly bullish, can often precede a breakdown to lower demand zones if support fails. This makes the coming days especially important for SOL’s trajectory. As macro conditions improve and Bitcoin flirts with new all-time highs, Solana is expected to respond in kind. However, technical signals suggest caution. A break below the rising channel could target the $128.50 support area, while a successful breakout above $160 could open the door to retesting local highs. Traders and investors alike are closely watching Solana’s next move in this high-stakes consolidation phase. Solana Holds Key Support Amid Rising Channel Formation Solana is currently trading below the $150 level, reflecting a notable 20% decline from its local high set in May. Despite this setback, the asset continues to hold a strong support base, signaling that bullish sentiment has not entirely faded. The broader market remains in a consolidation phase, with Solana showing signs of indecision as it moves sideways within a tightening price range. Analysts remain cautiously optimistic, pointing out that a breakout above the key $150–$160 supply zone could spark renewed upside momentum. However, the current price structure suggests that Solana may not be ready yet to retest previous highs. According to Carl Runefelt, Solana is ranging within a rising channel—a pattern that can lead to sharp movements if broken. While rising channels can sustain bullish continuation, a breakdown below the lower trendline often results in accelerated downside moves. Runefelt warns that if Solana breaks below the channel, the next key support area lies around $128.50. This level has historically acted as a strong demand zone and could serve as the next target in the event of a bearish move. In the meantime, Solana’s consolidation reflects broader market uncertainty, with traders waiting for a decisive breakout or breakdown to guide positioning. A successful reclaim of the $150 level would improve sentiment significantly and could set the stage for a push toward the $170–$180 range. On the other hand, failure to hold above current levels may shift the narrative toward further downside risk. SOL Holds Range Amid Resistance Solana (SOL) is currently trading at $147.62, moving sideways within a tightening range and forming a potential rising channel pattern. The daily chart reveals that SOL has been unable to break decisively above the $155–$160 resistance zone, while strong support remains near the $140 level. Price action shows repeated rejections near the 100-day moving average (blue line), which now acts as dynamic resistance around $155.60. The 200-day moving average (red) sits further above $165.54, marking a long-term resistance area. Volume remains relatively low compared to early June spikes, suggesting market participants are waiting for a clear breakout direction. A push above $160 would likely trigger bullish momentum, potentially opening the door toward the $170 level. However, the rising channel identified by analysts suggests a possible downside risk if the lower trendline fails. If Solana breaks below the $145 support and falls out of the channel, the next target would be the $128.50 area, which previously acted as a demand zone in mid-May. Until then, bulls must defend current levels and aim to reclaim the 100-day SMA to maintain the broader recovery structure. The coming sessions may offer clarity as consolidation nears its resolution. Featured image from Dall-E, chart from TradingView

• Dogwihat’s all-time high of $4.85 was hit in March 2024.
• 2025 price forecasts range from $1.17 to $3.65.
• Solana ecosystem interest helps boost WIF’s appeal.

Dogwifhat (WIF), a meme coin operating on the Solana blockchain, is regaining traction after a seven-day rally that pushed its price up by more than 20%. Currently trading at $0.92322, WIF has seen renewed interest from retail traders and meme coin enthusiasts, helping it reach a market capitalisation of $931.21 million. The token now ranks 75th among all cryptocurrencies by market cap. Source: CoinMarketCap The gains follow a relatively quiet period after WIF hit its all-time high of $4.85 on 31 March 2024. The coin’s lowest recorded price was $0.00002344, in November 21, 2023. With this recent surge, WIF is once again being discussed as a possible contender for further upside if the anticipated altcoin season materialises later this year. Market data shows rising investor confidence WIF’s current circulating supply is 998.84 million tokens, with a trading volume of $729.81 million. These figures suggest high liquidity and increasing trading interest in the asset. The price movement has occurred in tandem with a broader rally in Solana-based assets, many of which have benefited from growing interest in the Solana ecosystem as a faster, cheaper alternative to Ethereum for hosting tokens and dApps. The surge has sparked renewed debate in the cryptocurrency space about whether meme coins, particularly those backed by active communities and high trading volumes, can hold long-term value or are simply speculative assets. While Dogwifhat lacks utility-based features seen in some DeFi or Layer 2 tokens, its recent growth underscores the continued demand for meme coins. Forecasts vary between $1.17 and $3.65 for 2025 According to projections, Dogwifhat could reach an annual high of $3.65 in 2025, if bullish sentiment in the crypto market continues and regulatory risks remain low. On the downside, analysts suggest that the token could fall to $1.17 under adverse conditions, such as a market correction or the introduction of stricter crypto regulations. The expected average price for WIF in 2025 is around $2.41, although this remains speculative and highly dependent on broader market trends, sentiment, and the performance of other Solana-based assets. Much of the optimism is tied to the potential for another altcoin season, during which meme coins tend to outperform, particularly in high-liquidity trading environments. Community-driven tokens continue to influence the market Dogwifhat’s market performance highlights the growing role of community-driven tokens in shaping cryptocurrency price movements. Meme coins like WIF often gain momentum based on social media attention, trading volume surges, and listing on popular exchanges. Their volatility, while high, is increasingly being seen as a feature rather than a bug by retail traders who prefer high-risk, high-reward opportunities. The rise of Dogwifhat also reflects the influence of the Solana ecosystem, which has seen increased adoption due to its low transaction fees and high throughput. WIF’s gains parallel a broader trend of Solana-based tokens outperforming the market during short-term rallies, often fueled by speculative enthusiasm and the network’s growing developer community. The post Dogwifhat up 20% in 7 days as Solana meme coin regains momentum appeared first on CoinJournal.

Solana has returned to the spotlight as speculation around a potential Solana ETF approval gains momentum. While still unconfirmed, growing signals from market insiders suggest that regulatory green lights may not be far off. If approved, a Solana ETF would mark a major milestone for the ecosystem, opening the door to traditional capital flows and broader institutional exposure, similar to what Bitcoin and Ethereum experienced following their own ETF breakthroughs. For long-term investors, this development could set the foundation for a new phase of sustainable growth. Supporting this bullish outlook is fresh data from Glassnode, which shows that the number of wallets holding over 0.1 SOL has reached a new all-time high. This milestone marks an increase in retail participation and growing confidence in Solana’s long-term potential. As the network continues to mature, the rise in small holders also signals expanding grassroots adoption—an encouraging sign during a period of market uncertainty. While short-term price action may still be driven by broader macro trends, sentiment around Solana is clearly improving. If ETF approval becomes a reality, the combination of increased accessibility and rising on-chain adoption could significantly boost Solana’s market position in the coming months. Solana Growing On-Chain Adoption Solana is currently trading below the $150 mark after experiencing a sharp retracement from its May high. The asset has lost more than 20% in value since peaking earlier this cycle, driven largely by broader market consolidation and declining risk appetite across altcoins. Despite the recent pullback, SOL continues to hold a strong support zone near the $135–$140 range, which has proven resilient during previous sell-offs. Analysts remain cautiously optimistic, noting that a sustained push above key supply zones—particularly the $155–$165 range—could reignite bullish momentum. However, the market remains in a phase of indecision. Price action across major assets, including Solana, reflects uncertainty as traders wait for a clear breakout or breakdown to confirm the next move. Without a strong catalyst, SOL may continue to consolidate alongside the broader altcoin market. Amid the sideways price action, one encouraging signal is the growing on-chain adoption. Top analyst Ali Martinez shared data from Glassnode showing that the number of wallets holding over 0.1 SOL has reached a new all-time high, now exceeding 11.44 million. This steady rise in non-zero wallets points to expanding retail participation and long-term holder confidence, even as short-term volatility persists. The divergence between price action and user adoption suggests that Solana’s fundamental growth remains intact. If momentum returns and macro conditions improve, Solana may be well-positioned for a breakout, especially with ETF rumors fueling speculative interest. For now, the $150 level remains a psychological pivot as the market watches for signs of direction. SOL Price Action Details: Key Levels To Watch Solana (SOL) is currently trading at $149.30, just below the key resistance confluence of the 50-day, 100-day, and 200-day moving averages, all clustered between $150 and $151. This area has acted as a strong technical barrier, and SOL’s repeated failure to reclaim it reflects the market’s hesitancy amid broader uncertainty. After rallying to $159.99 earlier in the session, bears stepped in and pushed the price back down, closing the candle with a bearish wick, signaling ongoing selling pressure. The chart reveals a prolonged consolidation pattern that has developed since the mid-May rejection near $180. Despite several bounce attempts, SOL has not been able to regain bullish momentum. The volume profile also suggests fading interest during upswings, a common trait during accumulation or exhaustion phases. Notably, price remains above the March low, preserving a key higher low structure, which is crucial for the broader bullish outlook. If SOL breaks above the $151–$155 range with sustained volume, it could trigger a move toward $180. However, failure to clear this resistance might lead to another test of support around $135. Traders should watch for a decisive close above the moving average cluster to confirm trend continuation, especially with ETF speculation fueling long-term optimism. Featured image from Dall-E, chart from TradingView

The Rex-Osprey Solana + Staking ETF is set to launch in the U.S., offering direct exposure to Solana with staking […]

Solana (SOL) dropped 7.84% in 24 hours, trading at $145.08 as of July 1, 2025, while the broader crypto market […]

R3 and Solana have formed a partnership to integrate the Corda platform with the public Solana Blockchain. The alliance aims […]

Solana surged by about 5% amid reports of a new staking exchange-traded fund (ETF) launching soon. The REX-Osprey SOL+Staking ETF […]

Spot Bitcoin and Ethereum ETFs in the U.S. have achieved high levels of success since their launch last year. Asset […]