Solana
dropped 7.84% over the last 24 hours and traded at $ 145.08 per 20:03 UTC on July 1, 2025, according to Coindesk Research’s technical analysis model; During the same period, the wider crypto market, as indexed by Coindesk 20, fell only 0.24%.
Sun’s sharp drop comes only one day before a larger milestone for the ecosystem: The launch of Rex-Osprey Sol + Staking Etf.
Set to Debut on July 2nd 2025, Rex-OsPrey Sol + Poke Etf (Ticker: SSK) is the first US listed stock -traded fund to provide direct exposure to Solana’s native token, while also offering access to poor salaries. Unlike traditional crypto-ETFs that only track price, this fund allows holders to passively take advantage of Solana’s evidence of assumption cases.
About 80% of ETF’s assets will be awarded sun, with approx. 50% of these tokens actively stacked. The fund is structured under the law of the investment company of 1940, a framework that is generally considered more favorable from a legislative point of view than the 1933 law. The 1940 -law structure can improve investor protection and accelerate approvals, which may have an impact on broader institutional participation.
Analysts say this launch represents a major step for Solana’s credibility among US financial institutions. By integrating dividend generation directly into ETF, it offers a more comprehensive exposure to the asset than mockery. Some market participants believe it could serve as a catalyst for prolonged adoption, especially as other companies, including grayscale, Vaneck and Bitwise, are pursuing similar Sun Etf applications.
However, despite ETF’s pending launch, Sol saw broadly based sales pressure on Monday, which emphasized the market’s cautious attitude prior to the event.
Technical analysis highlights
- Sun fell $ 12.34 over the last 24 hours and fell from $ 157.42 to $ 145.08 – a loss of 7.84% with a price range of $ 12.34.
- A strong resistance was found to $ 157.42 during the first hour of the analysis window, followed by a constant sales pressure throughout the session.
- The largest volume emerged in UTC HOUR 06:00 UTC HOUR, over 1.57 million units, with price rejection near $ 151.50.
- UPPORT appeared up to $ 146.55 during 14.00 UTC HOUR, which also coincided with elevated volume, indicating accumulation interest around this level.
- In the last hour of the analysis window from 19:01 to 20:00 UTC, sun dropped further from $ 146.31 to $ 145.08 and hit its lowest price of the day.
- Price action formed a well -defined diminishing channel, characterized at lower heights and lower lownesses over the entire trading period.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
