🚨 Solana Sleeps Through ETF News — Can Bulls Snap Out of It?

Solana ($SOL ) is showing signs of life again — but the question is, will it wake up in time for the ETF boom?

After a sluggish week, SOL edged above $150, gaining over 1% as of Tuesday. But while the price movement remains modest, the news backdrop is anything but quiet.

📈 Major Trigger? CoinShares just became the ninth issuer to file for a Solana ETF (S-1 application), joining a heavyweight list including Grayscale, VanEck, 21Shares, Bitwise, and Fidelity. Bloomberg ETF analysts now place the odds at 90% for approval — a potentially massive milestone for SOL’s future.

💼 Institutional Power Play: Meanwhile, Galaxy Digital isn’t waiting. In the past 24 hours, they staked $63 million worth of SOL, with two large moves totaling 410,000 SOL. Their total SOL holdings now exceed $100M, per Arkham Intelligence.

🤔 So why the hesitation from retail?

Open Interest has dropped as long positions get liquidated — a sign that traders are still unsure or positioning cautiously. But smart money is clearly moving in.

📊 Technicals to Watch:

Resistance is forming near $167 — the 50% Fib retracement from SOL’s $295 ATH to this year’s $95 low.

A breakout above this level could ignite a rally toward $191, the 61.8% Fibonacci zone.

Key trendline touches from Jan 18, May 13, May 22, and June 11 all converge near current levels — watch closely.

💡 The Bottom Line:

The ETF narrative is heating up. Big money is making moves. And the charts suggest a critical breakout zone ahead.

👉 Will SOL bulls finally wake up? Or will hesitation cost the market another breakout moment?

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