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The Solana price pumped 4% in the past 24 hours, trading at $153.92 as of 2:17 a.m. EST, with trading volume rising 14% to $4.6 billion.
The jump in SOL price comes after the US’s first Solana staking exchange-traded fund (ETF), the REX-Osprey Solana Staking ETF, ended its debut trading day with $12 million in inflows, which is a positive sign for crypto staking-enabled ETFs.
The staking ETF debuted on the Cboe BZX Exchange on Wednesday, recording $33 million in trading volume along with the big inflows.
$SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but it is much lower than the Bitcoin and Ether spot ETFs. pic.twitter.com/t6LkQwDXLc
— Eric Balchunas (@EricBalchunas) July 2, 2025
With such impressive first-day volumes, it comes as a positive sign for the adoption of the Solana staking ETFs and the overall adoption of the SOL token. Can this push the price of SOL higher?
Solana Price At A Technical Crossroads: Is A Bullish Breakout On The Horizon?
The SOL price appears to be emerging from a corrective phase, currently trading around $153.9.
Solana has recently completed a bullish ABC corrective wave pattern, with the swing low at point C suggesting the conclusion of the correction.
SOL then formed what appears to be a falling wedge pattern, which in most cases acts as a bullish reversal structure, from which SOL seems to be breaking out of to the upside.
The price of Solana is currently testing the 0.382 Fibonacci retracement level ($154.84), which often acts as a significant resistance level, as GeckoTerminal data shows.
This zone also converges with the 50-day Simple Moving Average (SMA) at $156.41, making it a critical resistance zone. Above that, the 200-day SMA looms at $166.32, adding another layer of resistance before a potential trend reversal confirmation.
Meanwhile, the Relative Strength Index (RSI) sits at 53.76, a neutral position that favors bullish momentum slightly. The RSI is above the midpoint of 50 as well, indicating growing buying pressure, but it is not yet in overbought territory.
The Moving Average Convergence Divergence is showing a bullish crossover after the blue MACD line just crossed above the signal line. Histogram bars have also flipped to green, which often precedes bullish price action.
Solana Eyes Breakout As REX-Osprey ETF Launch Fuels Bullish Momentum
If the SOL price can decisively close above the $154.84–$156.41 resistance level (Fibonacci 0.382 and the 50-day SMA), there might be a continued climb toward the $167.12 level (Fibonacci 0.236).
A successful break above the 200-day SMA at $166.32 would be exceptionally bullish, opening the path for the Solana price to potentially swing to the highs near $186.98.
The launch of the REX-Osprey Solana Staking ETF is a defining moment for digital assets and a significant step forward in full access to the crypto ecosystem, acting as a bullish case for the SOL price.
Conversely, failure to break current resistance could send the Solana price back toward $144.92 (Fibonacci 0.5) or even $134.99 (0.618 level).
Meanwhile, investors are piling into a new meme coin called TOKEN6900 (T6900), which, according to 99Bitcoins, a popular YouTube channel with over 723k subscribers, could be the next SPX6900.
TOKEN6900 Presale Blasts Past The $120K Mark – Next SPX6900?
Positioned as a playful rival to SPX6900 (SPX), a meme coin that has taken the crypto world by storm, TOKEN6900 seeks to tap into the same enthusiasm that fuels meme coin trading today.
The token is built on the Ethereum blockchain and is designed to turn collective brain-rot into a tradable ticker, adding an extra token for flexibility.
It is the first NCT (Non-Corrupt Token) in the market and makes it clear that it has no utility.
That lack of utility has not bothered investors. After its launch just days ago, the presale has gained traction, amassing over $120K in early funding. The presale is offering 80% of its token supply for staking rewards, with a hard cap of $5 million.
🔥New Token6900 Meme Coin is going Viral!!
I am buying right now: https://t.co/ORNDMJKaa1#token6900 @Token_6900 #Binance #trading #Crypto #Bitcoin #Crypto #PEPE #snorter #snortertoken #btchyper #bitcoinhyper #Solana #SolanaAirdrop #SOLANAMEMES #SOLX #pepeto #Bitcoin pic.twitter.com/TkXAQWJfTw— Alessandro De Crypto (@A_D_Crypto) July 2, 2025
Priced at $0.006425, you can buy T6900 tokens with ETH, BNB, USDT, USDC, or a bank card today. The end price is $0.007125, so there’s no time to lose before the price starts to rise and the hard cap is reached.
For passive income, investors can also buy and stake T6900 tokens for a 352% annual percentage yield (APY). Over 13 million tokens have already been staked.
Investors looking to secure the best presale deal will want to buy before the next ICO hike in around 24 hours.
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