Did Solana catch the train? Technical analysis + ETF and institutional scenario
Content:
Guys, I took a look at the SOL chart today — and it seems like it might be about to pull an interesting high. The price consolidated above $145 after the fall towards $160, and now the RSI is at 62 with MACD turning positive on the 4h chart. This shows that the momentum might still have fuel.
Besides the technical setup (wedge bottom + Fibonacci levels), we have a chorus of favorable triggers:
Very high open interest in futures (~$7.4 billion) signaling heavy institutional interest.
Several players (Coinshares, DeFi Dev, etc.) are raising billions to reinforce their SOL exposure.
And here comes the big elephant in the room: SOL ETF in the US advancing (there are already ~31 applications for altcoins and real chances of Solana approval soon).
Now, thinking out loud: if Solana breaks $150–155 with volume, aiming for $170, up to $200+ could be natural. But the pickle is losing $145 — then the drop to $140 could cause panic.
Questions for everyone:
Do you think the ETF will be the definitive trigger for the price to explode?
What would be the next realistic target: $170, $200, or more?
Safe strategy: stop below $145 + incremental entry? Or do you think it's worth selling a little now?