Solana Rally: Investors Stake 4.1M SOL as Price Holds Steady Post-ETF Approval! 🎉

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Ah, dear reader, gather round! On a bright Wednesday, July 30, the illustrious Solana, with its enigmatic moniker SOL, was gliding about the $180 mark, much like a swan elegantly drifting across a shimmering pond. However, one must not forget that it had, not so long ago, reached a dizzying height of $200, only to be yanked back down by market jitters surrounding the US Federal Reserve’s forthcoming pronouncements on interest rates. Quite the drama, I dare say! 🎭

Now, while the broader cryptocurrency bazaar displayed all the enthusiasm of a damp sock, our beloved Solana managed to hold its head above water, buoyed by the delightful streams of institutional investment and the blossoming optimism surrounding regulatory clarity—very encouraging indeed!

a spiffy boost in demand for those ever-elusive crypto-based ETFs!

Solana Staking Deposits, July 30, 2025 | Source: StakingRewards.com

In a frenzy of enthusiasm reminiscent of a springtime dance, Solana investors jolly well staked 4.1 million SOL in a single day. Goodness gracious! According to the good folk at StakingRewards.com, this led to a jump from 397.8 million SOL on July 29 to a jaunty 401.9 million SOL by the time the ink had barely dried on this report—a splendid 1% increase in just 24 hours! It appears that our long-term holders are donning their finest regalia to celebrate, positively responding to the ETF rule change by locking away their tokens and reducing the ever-dreaded short-term sell pressure.

But wait! The sudden influx of staked tokens has a delightful side effect: it temporarily diminishes the circulating supply on exchanges. And, as we all know too well, this often heralds a future price increase akin to a rocket at the dawn of launch. If this plucky staking continues to outstrip withdrawals, we might just see SOL scaling the heights of its former glory once more.

SOL Price Prediction: Will $200 Resurface as Our Beloved Support? 🤔

Technically speaking, Solana finds itself nestled comfortably in a tightening Bollinger Band range after flirting with the $210 mark earlier on in July. Presently, it’s taking a breather at $178, hovering just shy of the 20-day Bollinger average of $178.71. If our bullish friends can defend this pivotal level, we may witness the return of upside momentum.

Should we get a bounce from this point—especially in light of ongoing staking excitement and ETF-driven demand—a jubilant rally towards $202.37 could very well be on the cards. Why, it might just be the upper band resistance we’ve been waiting for!

If only Solana could break through that pesky $200 mark with a dash of strong volume, we could very likely set our sights on a new bullish adventure toward the lofty heights of $220 by August.

Solana Price Prediction | SOLUSD 24H | TradingView

However, not all is a bed of roses, my friend! The MACD indicator has taken a turn for the worse, waving a red flag, or perhaps a rather sulky napkin, as it shows a bearish crossover. The MACD line at 7.00 has unceremoniously dropped below the signal line at 8.29, while the histogram now sports a gaudy red hue. Should we see a daily close below $175, it’ll be time to dust off the panic buttons and brace for a potential tumble toward $160.

With such signals suggesting weak short-term demand, we could find ourselves testing the next key support level at $155, which rather annoyingly aligns with the lower Bollinger band.

Solaxy Presale in Demand as Traders Salivate Over 67% Yield 🤑

But wait! As Solana’s supply performs a tightrope act, entering the spotlight is none other than Solaxy, showering SOL holders with daily yield bonuses for the simple act of staking or trading on the platform. What splendid generosity!

Solaxy Presale

As the circulating supply of Solana gets tighter and with long-term prospects looking positively sunny after the ETF shift, Solaxy presents the easiest avenue to keep your SOL exposure while raking in up to 67% in staking rewards. Quite the windfall, I must say!

So do make haste and waddle on over to the official Solaxy site to join the presale, lest you miss out on what could be the most thrilling exchange listing since sliced bread! 🥳

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2025-07-30 21:48