Weekly Gain of 17% as Trading Volume Reaches $4.65 Billion
The post Weekly Gain of 17% as Trading Volume Reaches $4.65 Billion appeared on BitcoinEthereumNews.com.
TLDR Solana (SOL) is trading at $148.35, up 7.06% in 24 hours with a 17% weekly gain ARK Invest purchased $5.2 million worth of 3iQ Solana Staking ETF (SOLQ) Technical indicators show a strong bullish trend with resistance around $147-152 Whale activity includes one investor holding 1.29 million SOL valued at $180 million Institutional interest is growing with Upexi Inc. raising $100 million for Solana treasury Solana (SOL) is experiencing a remarkable price surge, trading at $148.35 as of 18:00 UTC today. This represents a 7.06% increase in the last 24 hours and an impressive 17% gain over the past week. The cryptocurrency’s trading volume has reached $4.65 billion, showing a 17.43% increase that confirms strong market participation. These price movements come amid renewed institutional interest and improving network fundamentals. Technical indicators remain firmly bullish for Solana. The Average Directional Index (ADX) stands at 100, indicating an exceptionally strong trend. The MACD shows positive divergence, supporting the upward momentum. While the Relative Strength Index (RSI) reads 76.32, suggesting overbought conditions, the underlying strength of the trend points to further upside potential. The Bollinger Band expansion of 12.61% hints at increased volatility ahead. Solana Price on CoinGecko Institutional Players Enter the Solana Ecosystem In a major development for institutional adoption, Cathie Wood’s ARK Invest has made its first direct Solana exposure through Canada’s 3iQ Solana Staking ETF (SOLQ). According to recent filings, ARK’s ARKW and ARKF ETFs purchased 500,000 shares of SOLQ, valued at $5.2 million. This strategic move places Solana alongside major tech names in ARK’s portfolio, including Nvidia, Unity Software, and Qualcomm. The SOLQ fund allows institutional investors to stake SOL and earn yield while gaining exposure to Solana’s price action. ARKW and ARKF have become the first U.S.-listed ETFs to hold Solana exposure, marking a milestone in institutional…
Filed under: News - @ April 23, 2025 10:23 am