Anticipated Solana Price Surge: With Fidelity's SOL ETF Filing Including Staking, Whales Accumulate $51M During Final Hours of Solaxy Presale
Let's Chat About Solana borg 🤖
The recent Solana price dip of 1.2% to $145.57 might have you wondering what's brewing. But don't sweat it!Here's the scoop:
Last 24 hours have seen a 60% decrease in trading volume, down to $2.3 billion. But don't fret - it's all part of the crypto rollercoaster.
Now, you might be thinking, "Why the heck should I care about Solana?" Well, hold onto your crypto hats, because Fidelity has just filed for a Solana ETF with a nifty built-in staking option.
That's right! By approving these filings, the Securities and Exchange Commission (SEC) could pave the way for broader Solana adoption, offering direct exposure to SOL and passive yields. Here's the tea:
👉 FIDELITY JUST DROPPED A $SOL ETF. Check out this tweet for all the juicy details! 💼🚀 [Link]
But that's not all! Bitwise and Canary have also added staking to their Solana ETF filings. Adding to the excitement, Grayscale, Franklin, Fidelity, and 21Shares have all updated their Spot Solana ETF applications this week.
And if the SEC gives the green light, Solana might be poised to kick off the next altcoin season in style.
Solana Price Looking Shaky, RSI Signals Selling Pressure 📉
Let's dip into some technical analysis. The Solana 3-day chart shows us the SOL price action from late 2024 to mid-2025. Here's the deal:
SOL is currently trading at $145, having slipped from its intraday high of $147.46. The 50-day Simple Moving Average (SMA) at $159.53 is hovering above the price, providing resistance. On the flip side, the 200-day SMA ($145.63) is offering solid support.
The Relative Strength Index (RSI) at 45.28 means we're not yet overbought, but there's an upward trend in selling pressure on SOL. The chart also shows a descending resistance line where SOL has previously met rejection at around $265 and $225, but with Fidelity's news, watch out for that resistance to break.
Solana Price: To the Moon or nopesville? 🌕
If the price drops below the 200-day SMA and holds, we could be looking at a further dip to $105, possibly even $65, a 45% downside risk. On the flip side, if support holds and the 50-day SMA is broken, SOL prices will need to conquer the upper boundary of the range at $195 to aim for the previous all-time high of $295.
The Moving Average Convergence Divergence (MACD) suggests a potential bearish crossover. This means that buy momentum is slowing down, which could signal an accumulation phase before a breakout.
Fidelity's staking option could boost yields, attracting institutional cash and pushing SOL past its all-time high of $295 (set back in 2021). Analysts are hyped, with some predicting a 2025 peak around $300-$350 if the regulatory environment remains 👍.
Expect some short-term volatility as ETF filings may spark FOMO, but rejection risks remain. Breaking above $195 could trigger a 20-30% rally by Q3 2025, landing SOL near $225-$265.
Long-term, with staking and institutional adoption, a $350 high by late 2025 doesn't seem off the table - as long as the market doesn't take a nosedive!
Final Hours: Solaxy Presale Offering 82% APY 💰🔥
While Solana's direction is a bit up in the air, first Solana Layer 2 project, Solaxy (SOLX), has smashed past $50.7 million in its presale. The clock is ticking, with only hours left before the project heads to major exchanges.
Solaxy's blockchain is known for speedy transactions and low fees, but congestion can slow things down or even cause transaction failures. Solaxy aims to solve these issues by processing transactions off Solana's main chain, bundling them up, and sending them back for final approval.
Popular YouTube channel 99Bitcoins predicts that SOLX could soar 100X once it launches. Don't miss this presale opportunity - staking your tokens will also net you an 82% annual yield (APY).
Grab your SOLX tokens for $0.00176 (payable with ETH, USDT, BNB, or a bank card) by checking out the Solaxy website. You'll need to act fast, as the presale closes in less than 29 hours!
Missed Our Current Articles? Pop over to our Telegram channel for the latest news coverage 💬 [Link]
Best Wallet for Your Crypto Portfolio
Rating: 🌟🌟🌟🌟🌟
- User-friendly, feature-packed crypto wallet
- Early access to upcoming token ICOs
- Supports multiple chains, wallets, and non-custodial storage
- Available on App Store, Google Play
- Earn exclusive native token, $BEST
- 250,000+ monthly active users
- In the realm of finance and technology, the recent Solana ETF filing by Fidelity is a significant step that could potentially attract institutional investors, potentially boosting yields and pushing Solana past its previous all-time high.
- The launch of Solaxy, a Solana Layer 2 project, offers an attractive presale opportunity with an 82% APY, aiming to solve transaction issues on Solana's main chain and potentially soaring 100X once it launches.
