3 Minutes
Solana targets ATH as SOL ETF winning streak continues
Solana remains locked below a key resistance level even as a newly launched staking-focused exchange-traded fund extends its inflow streak and network activity accelerates.
Solana SOL 2.85%
ETF inflows heat up — SSK posts consecutive weeks of demand
SOL is trading near $193, down from a recent $210 peak but still more than double its 2024 low. Trading volume over the past 24 hours climbed to roughly $3.6 billion, reflecting renewed trader and investor interest.
Data from ETF.com indicates the REX-Osprey SOL + Staking ETF (ticker: SSK) recorded net inflows of over $25.8 million last week, following $3.5 million the prior week. That marks the seventh straight week of inflows, bringing SSK’s total new capital to about $164 million and elevating its assets under management to more than $183 million — making it one of the larger altcoin ETFs in the market.
Why SSK matters
SSK’s consistent inflows point to rising demand from U.S. investors and could foreshadow appetite for spot SOL ETFs should regulators approve them later this year. Unlike pure staking ETFs, SSK combines exposure to SOL price movements with staking rewards, giving investors both upside participation and yield. According to StakingRewards, Solana’s staking yield has climbed to approximately 7.52%, a competitive rate among layer-1 networks.
On-chain fundamentals: transactions, stablecoins and addresses
Solana’s network-level metrics also show robust growth. The supply of stablecoins on Solana rose 6.2% over the past 30 days, surpassing $11.6 billion. Adjusted transaction volume increased by 6% to about $186 billion.
Monthly transactions expanded sharply, up 31% to 2.44 billion, while active on-chain addresses now exceed 90 million. These figures reinforce Solana’s position as one of the most active blockchain platforms in the crypto ecosystem and help explain increasing institutional and retail interest.
Technical outlook: ascending channel and golden cross point to more upside
On the daily chart, SOL has trended strongly higher over recent months, rising from roughly $95.42 in April to today’s levels near $193. Price action has formed an ascending channel and recently printed a golden cross as the 50-day moving average crossed above the 200-day moving average — a bullish momentum signal.
Analysts view $210 as the near-term upside target. A successful breakout above that resistance could reopen the path toward SOL’s all-time high near $295, provided macro conditions and on-chain demand remain favorable.
Overall, the combination of steady ETF inflows, growing staking yields, and rising on-chain activity makes a compelling case for continued Solana momentum, while traders should monitor resistance at $210 and broader market risk factors.
Comments