ARK Invest chose SOL Strategies as the exclusive staking partner for its Digital Assets Revolution Fund, shifting its validator operations to SOL Strategies’ infrastructure with BitGo support.
SOL Strategies runs five validators holding over 3.59 million Solana ($647.2 million) in delegated assets. It serves more than 5,700 unique wallets, with just 12% of assets coming from its own treasury.
This move highlights rising institutional demand for yield-focused crypto exposure, expanding beyond simple price gains. At the same time, several Ether ETF issuers have filed requests with the SEC for income-generating features, signaling a broader trend in institutional interest.
Solana Ascending Channel Pattern Analysis
This chart, created on July 29, 2025, shows that Solana SOL/USDT formed an ascending channel pattern. An ascending channel is a bullish price formation where the asset consistently creates higher highs and higher lows within parallel upward-sloping trendlines.
If Solana confirms this pattern, its price could rise by 29% from the current $184.54 level to approximately $238.40. The chart indicates that SOL is trading above the 50-day exponential moving average (EMA), which currently stands at $167.30. This position above the EMA supports ongoing bullish momentum.
Trading volume remains steady, suggesting continued participation from buyers. The recent pullback within the channel aligns with typical price behavior in such patterns, where temporary corrections often precede further upward movement. If SOL maintains support at the lower trendline and stays above the EMA, this scenario strengthens the probability of a breakout toward the projected target of $238.40.
However, if price fails to hold the lower channel boundary, it may retest the EMA near $167.30, which would serve as a critical support level for preserving the current bullish outlook.
Solana Relative Strength Index (RSI) Analysis
This chart, created on July 29, 2025, shows Solana’s 14-day Relative Strength Index (RSI) at 57.96, with its moving average at 66.80. The RSI is a momentum indicator that measures the speed and magnitude of recent price changes on a scale from 0 to 100.
An RSI level between 50 and 70 reflects moderate bullish momentum without entering the overbought zone, which begins above 70. The recent drop from near-overbought conditions suggests that selling pressure eased after a strong upward move. Despite this pullback, the RSI remains above the neutral 50 level, indicating that buyers still maintain control.
The downward crossover of the RSI below its moving average shows short-term cooling, yet the index stays in bullish territory. If RSI stabilizes above 50 and reverses upward, it would signal renewed strength supporting the ongoing uptrend. However, if it declines toward 50 or below, it may indicate weakening momentum and a potential retest of lower support levels.
This positioning aligns with Solana’s recent price correction while keeping its broader bullish structure intact, as long as RSI avoids breaking below the neutral zone.
