#solana
Key Market Highlights
1. SOL Price & ETF Momentum
SOL currently trades around $153–$155, up ~1–2% intraday, after recently surging ~12–16% over the past week .
The catalyst? The imminent REX‑Osprey SOL + Staking ETF is set to launch Wednesday, July 2, 2025, enabling U.S. investors to gain SOL exposure with on‑chain staking rewards through a 1940‑Act structure .
2. Technical Landscape
Resistance zone sits near $160–165, with strong support at $145–150 .
Weekly chart signals a bullish setup: price above both 50‑ and 200‑week EMAs (~$150 & $100), RSI around 59, though trend strength remains modest (ADX ~13) .
On the daily chart, SOL is consolidating in a symmetrical triangle—a breakout above ~$153 could trigger a move to ~$165–175, while a breakdown might retest ~$130–141 .
3. Looking Ahead
A breakout above $160–165 on elevated volume may open the path toward $175–190, with upside potential to **$200+** .
But rival pressures exist: ~$585M in SOL unlocking from staking, ~$404M moved to exchanges by DeFi apps in 2025, plus institutional concerns—Grayscale’s SOL trust holds just ~$75M vs. Ethereum’s $10B .