Solana broadly steadies as institutional interest expands to the ecosystem’s liquid staking

출처 Fxstreet
  • Solana sustains uptrend in an ascending channel, with support at $170 intact.
  • DeFi Development Corp has announced the adoption of liquid staking token technology to diversify its Solana treasury.
  • Canada-listed SOL Strategies has filed a preliminary prospectus to raise $1 billion for investing and building infrastructure within Solana’s ecosystem.

Solana’s (SOL) uptrend is generally steady, rising slightly to trade at $172 at the time of writing on Thursday. Interest in the smart contracts token continues to grow despite the recent delay in approving the related SOL spot Exchange Traded Fund (ETF). Publicly listed institutions, such as DeFi Development Corp and SOL Strategies, have announced major investments in Solana’s ecosystem.

Solana bags two institutional investment initiatives 

Two institutions have announced major investments in the Solana ecosystem, starting with DeFi Development Corp’s liquidity staking initiative and SOL Strategies preliminary prospectus, designed to raise $1 billion toward building the ecosystem’s infrastructure.

DeFi Dev Corp., the first public company to have a strategy built around accumulating and compounding SOL, announced on Wednesday that it would adopt the liquid staking token (LST) technology. The initiative is designed to boost and diversify the company’s SOL treasury using dfdvSOL, an LST representing a stake delegated to DeFi Dev Corp. validators.

LST technology allows users to have flexibility with their staked SOL tokens by receiving an equivalent liquid token in return. This way, holders unlock staking rewards while not foregoing liquidity. DeFi Corp. hopes to enhance its validator operations and treasury management.

“The adoption of dfdvSOL not only creates additional ways to drive stake to our validators and increase SOL holdings, but also advances our role as a long-term participant in the Solana ecosystem,” the Company’s Chief Investment Officer, Parker White, said.

Meanwhile, Canada-listed SOL Strategies recently filed a preliminary short-form basic prospectus with the Canadian Securities Administrators seeking to raise $1 billion over the next two years through the issuance of common shares, warrants and other securities.

SOL Strategies plans to enhance investment opportunities and build infrastructure for Solana’s ecosystem. However, the company has yet to formulate a specific issuance plan.

Institutional interest in the Solana ecosystem and related financial products has not waned despite the US Securities and Exchange Commission (SEC) recently delaying its decision to approve the spot SOL ETF until October.

Technical outlook: SOL sustains bullish structure

Solana’s price hovers at around $172 at the time of writing, holding onto support at $170. The ascending channel mirrors SOL’s broader bullish outlook following the tariff-triggered crash on April 7 to $95.30. 

SOL sits on top of key moving averages, ranging from the 200-day Exponential Moving Average (EMA), which offers support at $163.58, to the confluence between the 100-day EMA and the 50-day EMA at approximately $160.00. Should the moving average continue to trail the SOL price uptrend, trader interest could increase, with eyes on extended gains toward the $200 mark.

SOL/USDT daily chart

However, key indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) signal bearish momentum.

The MACD indicator confirmed a sell signal on May 18 as the blue MACD line crossed below the red signal line. This bearish bias encourages traders to sell SOL, thus contributing to sell-side pressure.

The RSI downtrend from the overbought region above 70 is approaching the 50 midline, indicating that sellers may have the upper hand in upcoming sessions, especially if the indicator falls below 50. Beyond the moving averages, key areas of interest lie at $140, a zone tested as support in early May and the April 7 low of $95.30.

Cryptocurrency prices FAQs

Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.

A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.

Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.

Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.

면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
리플 가격 전망: SEC의 XRP ETF 결정 연기에도 투자자들은 견조함 유지리플의 XRP는 월요일 한때 $3 아래로 밀렸지만, 송금형 토큰을 추종하는 상장지수펀드(ETF) 심사에 대한 미 증권거래위원회(SEC)의 결정 연기에도 불구하고 빠르게 회복했다.
저자  FXStreet
8 월 19 일 화요일
리플의 XRP는 월요일 한때 $3 아래로 밀렸지만, 송금형 토큰을 추종하는 상장지수펀드(ETF) 심사에 대한 미 증권거래위원회(SEC)의 결정 연기에도 불구하고 빠르게 회복했다.
placeholder
리플 가격 전망: 대규모 지갑 매도로 XRP 6% 하락화요일 XRP는 대규모 보유자들이 높은 이익 구간에서 보유량을 축소하기 시작하면서 6% 하락했다. 이번 움직임은 잭슨홀에서 예정된 제롬 파월 연준 의장 연설을 앞두고 나왔다.
저자  FXStreet
8 월 20 일 수요일
화요일 XRP는 대규모 보유자들이 높은 이익 구간에서 보유량을 축소하기 시작하면서 6% 하락했다. 이번 움직임은 잭슨홀에서 예정된 제롬 파월 연준 의장 연설을 앞두고 나왔다.
placeholder
리플 가격 전망: 파월 연설 앞두고 3억 달러 차익 실현… XRP 하락XRP는 목요일 3% 하락해 $2.85까지 밀렸다. 이는 7월 FOMC 의사록이 매파적으로 해석된 뒤 투자자들이 3억 달러 이상 이익을 실현한 영향이다.
저자  FXStreet
6 시간 전
XRP는 목요일 3% 하락해 $2.85까지 밀렸다. 이는 7월 FOMC 의사록이 매파적으로 해석된 뒤 투자자들이 3억 달러 이상 이익을 실현한 영향이다.
placeholder
이더리움 가격 전망: 파월 연설 앞두고 ‘이익 구간 공급’ 90% 상회… 매도 압력 리스크이더리움(ETH)은 잭슨홀에서 예정된 제롬 파월 연준 의장 연설을 앞두고 목요일 매파 신호가 커지는 가운데, 이익 구간에 있는 공급 비중이 매우 높게 유지되며 차익 실현(셀오프) 가능성을 키우고 있다.
저자  FXStreet
6 시간 전
이더리움(ETH)은 잭슨홀에서 예정된 제롬 파월 연준 의장 연설을 앞두고 목요일 매파 신호가 커지는 가운데, 이익 구간에 있는 공급 비중이 매우 높게 유지되며 차익 실현(셀오프) 가능성을 키우고 있다.
placeholder
톱 3 가격 전망: 비트코인·이더리움·리플 – 잭슨홀의 파월 연설을 앞두고 BTC·ETH·XRP 변동성 확대 가능비트코인(BTC), 이더리움(ETH), 리플(XRP) 등 상위 3개 암호화폐는 금요일(작성 시점) 연준(Fed) 의장 제롬 파월의 잭슨홀 심포지엄 연설을 앞두고 변동성 확대에 대비하며 신중한 흐름을 보이고 있다.
저자  FXStreet
1 시간 전
비트코인(BTC), 이더리움(ETH), 리플(XRP) 등 상위 3개 암호화폐는 금요일(작성 시점) 연준(Fed) 의장 제롬 파월의 잭슨홀 심포지엄 연설을 앞두고 변동성 확대에 대비하며 신중한 흐름을 보이고 있다.
goTop
quote