SOL Eyes $1,000 Long-Term as Solana Staking Reaches All-Time High

Solana has reached a historic milestone as its staking ratio climbed to 70%, the highest level ever recorded on the network. This means a significant majority of SOL supply is now locked in staking, reflecting growing confidence among investors and validators in Solana’s long-term stability, performance upgrades, and expanding ecosystem across global crypto markets today.

Solana has reached a historic mark: its staking percentage reached 70%, which is the highest ever on the network. This indicates that a significant part of SOL is currently staked on the asset and that investors have more faith in it’s future stability and performance improvements in the current crypto markets today.

Source: X

At the moment, Solana has around 60 billion staked in SOL. This makes it much more secure financially. The more SOL that gets staked, the less SOL that will be in circulation, making it more costly to attack Solana. This ensures that it remains one of the most secure proof-of-stake networks as more individuals utilize Solana.

Also Read: Solana (SOL) 200-Week EMA Acts as Critical Long-Term Trend Divider

SOL Eyes Recovery After TD Sequential Buy Signal

However, the crypto analyst, Ali, pointed out that the Solana cryptocurrency is finally stabilizing as a result of the buy signal given by the TD Sequential indicator. This indicates that the current pressures in the market may be subsiding. This indicator is used to identify when a trend may be ending, which could indicate a reversal. This indication is crucial as SOL attempts to regain momentum.

Source: X

Now the focus is on the $130 level of support, which is turning out to be a major battleground for both buyers and sellers. If the level holds strong, a strong rally is expected in Solana to reach $140. If the level is breached, the strong signal will become false, and market sentiments will deteriorate quickly.

SOL Price Poised for $1,000 as Key Support Strengthens

Moreover, another crypto analyst, curb.sol, highlighted that SOL is close to an important support level that has registered large price movements in the past. It is being closely watched by investors because, if it holds, it is an indication that funds are accumulating. This is indeed an important support level that can register large price movements.

Source: X

If the buyers maintain this support and break out SOL past the resistance with heavy trading volume, it is expected that there will be a strong breakout. This breakout may trigger the beginning of a new wave of rallies based on the expansion of the DeFi and applications ecosystem of Solana. During the new wave of rallies, it is being increasingly projected that $1,000 may become the new target for investors and institutions globally.

Also Read: Solana vs Litecoin: Social Sentiment Signals Diverging Market Trends