What’s Next for Solana Price as Bitwise SOL ETF Breaks Record?

Solana Price Prediction: Technical Signals Turn Upward

Solana (SOL) is gaining momentum again after the Bitwise Solana Staking ETF (BSOL) historic launch. The impressive inflows of the ETF have contributed to optimism on the market, and analysts are keen on whether the asset will be able to maintain its recovery following recent volatility. While institutional demand keeps rising, technical signals show a good recovery trend for the blockchain's native token.

The crypto is now holding at $190, after falling from highs of about $205, its price has held at about $195.96.. The recovery is an indication of initial accumulation, as bulls slowly recover. More so, the MACD indicator shows an upcoming bullish crossover as the MACD line surges above the signal line near zero, indicating temporary positive momentum. A positive histogram of 0.12 confirms that sentiment is improving, and sellers are losing control.

SOLUSD 1H CHART | SOURCE: CoinMarketCap

Meanwhile, the RSI stands at 46.40, showing a slow climb out of the oversold conditions. Its upward slope reflects renewed buying pressure that aligns with Solana price prediction toward the $200–$205 zone. However, a drop below $195 might trigger renewed weakness before any decisive breakout. For now, the technical structure favors consolidation before a potential uptrend. Traders remain optimistic that the crypto could soon confirm a bullish reversal.

Bitwise Solana Staking ETF Redefines Institutional Interest

Additionally, the industry has been swept by the launch of Bitwise's Solana Staking ETF (BSOL), which registered inflows of $69.45 million on its debut. This good performance catapulted total net assets to almost $289 million, making it one of the most successful ETFs in digital finance. Also, the launch of BSOL demonstrates great institutional conviction in the potential of SOL to stakeholder funds compared to competitors such as the SOL Staking ETF by REX Osprey, which raised only $12 million.

SOURCE: X

Notably, BSOL has a 100% stake in its holdings, which exposes its investors to a yield-generating SOL-based ecosystem with an annual reward of over 7%. Bloomberg analyst Eric Balchunas suggests that the seed capital of $222.9 million is impressive and that it is the actual demand and not an artificial volume. Although the spot price of SOL decreased by 3% upon the introduction, market analysts view it as a short-term consolidation with massive whale accumulation that fuels the Solana price prediction.

Whales and Institutions Fuel Outlook

Moreover, with the introduction of BSOL, SOL has become the focus of institutional staking plans. The $69 million inflow underscores the increased perception of SOL by investors as a long-term growth vehicle and not a speculative play. In addition, the fund's record day one trading volume of $57.9 million shows that liquidity is high and the fundamentals of the network are well-regarded.

While short-term price movement remains volatile, the cumulative effect of improving technicals and institutional demand records favors a positive Solana price prediction. If the support at $190 remains intact and the bullish momentum accelerates beyond $205, analysts predict a further upsurge. Ultimately, the current consolidation stage could be the backbone of the next significant SOL breakout, putting in line both technical and institutional histories in favor of a sustained upside momentum.