Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Solana Seeks Breakout at $83 as Cathie Wood Increases Stake

Guavy AI Editorial Team
Instruments
SOL
Share

Cathie Wood's ARK Invest has increased its bet on Solana by buying 7,115 shares of the 3iQ Solana Staking ETF. The purchase came as demand for Solana exchange-traded funds weakened, with no new inflows since Aug. 12.

The token is testing $76 resistance, and a chart setup points toward an $83 breakout if it closes above that level. Analyst Muthoni Mary identified a cup-and-handle pattern on the daily chart, which could open an 8.9% advance toward $83.

Solana's DeFi TVL has fallen to $4.85 billion, and stablecoin value and network liquidity have declined. The broader decline in total DeFi TVL across blockchains dropped from $114 billion to $75 billion.

More on Crypto

Crypto 1m ago

Provenance Blockchain Price Hits New Low Amid Market Correction

Crypto 1m ago

Galaxy Powers Staking for Morgan Stanley's New Ethereum and Solana ETPs

Crypto 1m ago

Wisconsin Lawmakers Weigh Cryptocurrency Regulation Amid Growing Scam Concerns

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy