Solana Analysis: Price Surge on July 12, 2025

Solana hit $163 on July 12, 2025. Staking ETF and ecosystem growth fuel a bullish trend.

On July 12, 2025, Solana (SOL) is trading at approximately $163, down 2% in the past 24 hours. However, the cryptocurrency has gained 11% over the past week, reaching a high of $167, its highest level since May 29, 2025. This strong performance has positioned Solana as one of the standout altcoins in the current market. Technical analysis of Solana’s 4-hour chart reveals a cup-and-handle pattern that has recently broken out, signaling a bullish continuation. The price has surpassed the $159.80 resistance and is now targeting $175. Key support levels at $150 and $130 could prevent sharp declines. A break above $175 could drive Solana toward $200, potentially leading to new highs. The RSI at 61.62 indicates growing strength but remains below overbought territory. A key driver of the recent rally was the launch of the REX-Osprey Solana Staking ETF (SSK) on July 2, 2025, which recorded $12 million in inflows and $33 million in trading volume on its first day. Offering a 7.32% annual staking yield, this ETF has attracted institutional investors, boosting demand. Additionally, Solana’s network activity has surged, with Total Value Locked (TVL) rising from $6 billion to $8.61 billion since April 2025. The ecosystem’s strength is further evidenced by $562 million in Q2 2025 revenue from decentralized applications (DApps). From a macroeconomic perspective, growing institutional interest, such as DeFi Development Corp.’s purchase of 17,760 SOL tokens worth over $2.7 million, has bolstered confidence in Solana’s future. However, the release of $31 million in SOL by FTX and Alameda could create temporary selling pressure, though analysts believe this supply will have minimal impact. The surge in memecoin activity, such as the PUMP token public sale that sold out in 12 minutes, has also driven demand for SOL. Currently, Solana is in a price discovery phase, and a breakout above $175 could spark a major rally. Traders should monitor trading volume and momentum indicators to avoid trend reversals. Despite short-term volatility, Solana’s long-term outlook remains bullish due to ETFs, network growth, and institutional demand. For traders, setting stop-losses below $150 and waiting for breakout confirmations is a prudent strategy. Overall, Solana’s blend of technical and fundamental factors makes it one of the most compelling cryptocurrencies in the current market.