$SOL Solana Eyes $150 Breakout: Can ETF Hype Drive SOL to $200?

Solana is gaining momentum following a breakout from an inverted head and shoulders pattern.

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As Canada prepares to launch the first spot SOL ETFs, bulls are targeting the $150 and $200 levels.

Currently trading at $132, Solana has posted over 20% growth in the past seven days. Following a brief dip below $100, the recovery rally confirmed a bullish breakout pattern. Could growing support for Solana push prices to $200?

Solana Price Analysis

On the 4-hour chart, SOL shows a bullish reversal from $97, coinciding with a market recovery after a 90-day pause in the tariff war. Solana’s breakout past the $122 supply zone confirmed the inverted head and shoulders pattern.