{"id":55591,"date":"2025-07-08T16:01:21","date_gmt":"2025-07-08T16:01:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-price-jumps-45-as-network-activity-soars-can-sol-breach-160\/"},"modified":"2025-07-08T16:01:21","modified_gmt":"2025-07-08T16:01:21","slug":"solana-price-jumps-45-as-network-activity-soars-can-sol-breach-160","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-price-jumps-45-as-network-activity-soars-can-sol-breach-160\/","title":{"rendered":"Solana price jumps 45% as network activity soars: can SOL breach $160?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/tinywow_655b97df0bfd8a797d32ed92_Solana-a-Good-Investment_73435932-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/tinywow_655b97df0bfd8a797d32ed92_Solana-a-Good-Investment_73435932-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/tinywow_655b97df0bfd8a797d32ed92_Solana-a-Good-Investment_73435932-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/tinywow_655b97df0bfd8a797d32ed92_Solana-a-Good-Investment_73435932-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Solana\u2019s network activity hit a record 15.39 million addresses.<\/li>\n<li>SEC fast-tracks SOL ETF filings after SSK ETF launch.<\/li>\n<li>SOL nears key $160 resistance amid strong technical setup.<\/li>\n<\/ul>\n<p>Solana (SOL) has seen an impressive 45.6% surge over the past three months, driven by record-breaking network activity and growing optimism around a potential exchange-traded fund (ETF) approval in the United States.<\/p>\n<p>Notably, the price hike has brought SOL closer to the key resistance zone around $160, raising hopes of a breakout as momentum builds from both technical and fundamental fronts.<\/p>\n<h2>Daily activity on the Solana Network hits record highs<\/h2>\n<p>Solana\u2019s network has witnessed a sharp increase in usage over the past few weeks, with Daily Active Addresses (DAA) soaring to a historic peak of 15.39 million.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-320463\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/Solana-Daily-Active-Adresses.png\" alt=\"Solana Daily Active Adresses\" width=\"3840\" height=\"1300\"\/><\/p>\n<p>This surge in on-chain engagement reflects rising demand for the platform\u2019s decentralised applications and staking services, especially at a time when other blockchain networks have shown stagnation.<\/p>\n<p>In the first week of July, activity briefly dropped below 5 million, only to rebound to 14.63 million by July 7, signalling strong underlying user interest and a resilient ecosystem.<\/p>\n<p>Such consistent growth in user activity is often a precursor to sustained price appreciation, particularly when it coincides with positive market sentiment.<\/p>\n<h2>Solana ETF speculation adds to bullish momentum<\/h2>\n<p>Speculation around the approval of a Solana ETF has intensified after the US Securities and Exchange Commission (SEC) asked fund issuers to update and resubmit their applications by the end of July.<\/p>\n<p>While the SEC has until October 10 to reach a final decision, sources close to the matter have suggested that the timeline could accelerate following <a href=\"https:\/\/coinjournal.net\/news\/fartcoin-breaks-past-1-as-solana-etf-launch-ignites-a-memecoins-rally\/\">the surprise launch of the SSK ETF<\/a> \u2014 the first Solana staking fund to go live in the US.<\/p>\n<p>The SSK ETF, launched by REX Shares and Osprey, drew $12 million in inflows on its first day and recorded $33 million in trading volume, adding urgency to the SEC\u2019s response timeline.<\/p>\n<p>Analysts believe that the existence of a live Solana-based ETF has pressured the SEC to avoid giving one fund a competitive edge, as it did in the case of Bitcoin and Ethereum ETF approvals.<\/p>\n<p>This regulatory backdrop has contributed to renewed bullishness in the Solana market, even though approval is not yet guaranteed.<\/p>\n<h2>Investor behaviour signals quiet accumulation<\/h2>\n<p>Exchange data also supports the bullish setup, with net outflows from centralised platforms increasing steadily in recent weeks.<\/p>\n<p>This trend usually indicates that investors are moving their holdings into cold storage or decentralised wallets, a common signal of accumulation by long-term holders.<\/p>\n<p>Moreover, despite low or negative funding rates, which show a lack of aggressive long positions, the market has remained firm \u2014 a setup that could lead to a short squeeze if SOL breaks higher.<\/p>\n<p>With funding rates staying flat and volume holding above $4.5 billion daily, momentum could shift quickly if key resistance levels are cleared.<\/p>\n<h2>Technical analysis points to a breakout attempt<\/h2>\n<p>On the charts, Solana (SOL) is rounding off a classic cup-and-handle pattern, which is typically a bullish continuation signal when followed by a breakout above the upper handle.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-320466\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/SOLUSDT_2025-07-08_18-12-37.png\" alt=\"Solana price chart\" width=\"1341\" height=\"806\"\/><\/p>\n<p>Currently, SOL is hovering just under the critical resistance zone between $159 and $163.82, levels that align with key moving averages and Fibonacci retracements.<\/p>\n<p>At the time of writing, Solana was trading at $150.76, slightly below the $159 barrier that has capped its rallies for several weeks.<\/p>\n<p>The price stability above $150, despite volatile market conditions, shows strong buying pressure and investor confidence, even as leveraged traders remain on the sidelines.<\/p>\n<p>While the Moving Average Convergence\/Divergence (MACD) shows momentum tapering off, it remains near the zero line, indicating a potential trend reversal if upward pressure continues.<\/p>\n<p>The Relative Strength Index (RSI) sits close to 50, revealing investor indecision but also suggesting room for a significant move in either direction.<\/p>\n<p>A clean breakout above $159 would likely confirm the cup-and-handle formation and open the door to higher targets, with $194.25 and $215 as the next major price zones to watch.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/solana-price-jumps-45-as-network-activity-soars-can-sol-breach-160\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Solana\u2019s network activity hit a record 15.39 million addresses. SEC fast-tracks SOL ETF filings after SSK ETF launch. SOL nears key $160 resistance amid strong technical setup. Solana (SOL) has seen an impressive 45.6% surge over the past three months, driven [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":55592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/55591"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=55591"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/55591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/55592"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=55591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=55591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=55591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}