Institutional Interest in Solana Staking Could Influence SOL Price Near $185 Resistance

Key Points

1. Solana's Liquid Staked SOL (LsSOL) allows investors to stake SOL while maintaining liquidity, attracting institutional demand.

2. SOL's price has shown bullish signals, breaking above $159 with potential resistance at $185 and further upside to $210 if the breakout is sustained.

3. The 20-day EMA and RSI indicate strong upward momentum for SOL, with key support levels at $144 and $137.

4. LsSOL's integration with major platforms like Coinbase and Kraken enhances capital efficiency and aligns with regulatory frameworks, boosting investor confidence.

5. The development of LsSOL could accelerate the approval of SOL-based financial products, further driving market interest and price appreciation.