- Solana overtakes Ethereum in staking value with $53.96B and stronger yield, while price momentum hints at a short-term correction.
- Despite a 42% rally in two weeks, technical indicators suggest SOL may face a brief pullback before continuing its bullish trend.
- Solana’s 64.86% staking ratio and 8.31% yield reinforce its dominance as BNB and SUI trail far behind in staking market performance.
According to Solana Post, Solana has officially surpassed Ethereum in staking market cap, emerging as the largest blockchain by staked value. SOL’s staking market cap hit $53.96 billion, narrowly beating Ethereum’s $53.77 billion. Meanwhile, SOL’s price continues to hover around $136 after a strong two-week rally. However, the TD Sequential indicator now signals a short-term pullback, suggesting that some cooling may follow the recent surge.
SOL rallied from a low of $96 on April 6 to a local high of $143 on April 20. That marks a 42% increase. The rally began after consolidation between $100 and $110, which built a solid base. The breakout above $120 on April 13 triggered strong upward momentum. SOL gained roughly 12.5% in a single session, continuing its bullish trajectory in the days that followed.
Technical Indicators Hint at Short-Term Correction
However, momentum may soon fade. Technical analyst Ali_charts noted that the TD Sequential has flashed a sell signal on the 12-hour chart. This tool often predicts trend exhaustion or upcoming corrections. SOL’s recent candle showed rejection near the $143 high. The price dropped slightly to $136.72, indicating early selling pressure.
Moreover, the chart’s downward arrows at key points “3” and “9” further emphasize the risk of short-term retracement. Hence, traders should watch the $128-$130 zone for potential support. This range previously acted as a base after the breakout. A breakdown below this level could accelerate a correction toward $120.
Staking Fundamentals Strengthen Solana’s Position
Besides price action, staking fundamentals now favor Solana. Its staking ratio stands at 64.86% with an 8.31% annual reward rate. Meanwhile, Ethereum offers only 2.92% rewards with a much lower 28.14% staking ratio. This gives Solana a clear edge among yield-seeking investors.
Additionally, Solana’s growth comes as BNB and SUI show weaker performance. BNB’s staking cap sits at $17.91 billion, while SUI lags at $16.22 billion. Solana now leads not just in price momentum, but also in staking strength.
