SOL Rallies on Treasury Buys and $100M Staking ETF Inflows
Solana SOL price gained momentum as REX-Osprey’s Solana staking ETF reached $100 million in AUM within 12 trading days of its July launch, attracting institutional investors seeking on-chain staking rewards. Meanwhile, DeFi Development Corp increased its treasury to 999,999 SOL by acquiring 141,383 SOL between July 14 and 20, with an additional $5 million earmarked for future purchases. These treasury accumulation and staking ETF inflows propelled SOL above $200, marking a 25% weekly gain. Technical analysis highlights resistance at $209 and support at $185, with a breakout above $209 targeting $240, while a drop below the 20-day EMA near $172 would invalidate this bullish scenario. On the four-hour chart, short-term pullback under the 20-EMA may find support at $185 for a rebound, whereas a break below the 50-SMA could extend corrections toward $170. Overall, strong ETF inflows and treasury buys point to a bullish outlook for SOL price.
Bullish
The combined news of substantial treasury accumulation and rapid staking ETF inflows is likely to exert bullish pressure on SOL price in both the short and long term. In the short term, inflows into REX-Osprey’s Solana staking ETF provide immediate buy-side demand and reduce circulating supply by locking tokens into staking, while DeFi Development Corp’s treasury purchases remove additional SOL from the market, tightening supply. These factors support a technical breakout above key resistance at $209, potentially driving SOL toward $240. Should price retrace, established support at $185 and the 20-day EMA near $172 offer entry points for buyers. Over the long term, growing institutional adoption of staking reward products signals sustained demand and lower volatility, as investors benefit from periodic staking yields and reduced selling pressure. Together, these dynamics underpin a bullish outlook for SOL, suggesting continued upside potential.