According to Cointelegraph, REX Shares has launched the first US-staked cryptocurrency exchange-traded fund, directly investing in Solana (SOL) and earning returns through staking. If the price of SOL breaks above $159, it will signify a trend change.
The price of SOL fell back from the 50-day simple moving average ($156) on Monday, showing strong bearish defense. Bulls are attempting to stop the decline at the 20-day exponential moving average ($148). If the rebound continues, SOL/USDT may rise to $168 and $185.
If it breaks below $140 support, SOL may drop to $126 and $110. The 4-hour chart shows that SOL rebounded from the 50-SMA and rose to the 20-EMA. If it stays above the 20-EMA, it may rise to $155 and $159. Breaking above $159 will form a reversal head and shoulders pattern, with a target of $192.
