SOL could surge to $180 on Solana ETF news; check forecast
2025-07-01 03:52:51
Main Idea
Solana's SOL could rally to $180 due to the upcoming launch of a Solana staking ETF by Rex Shares and Osprey Fund, despite a generally bearish crypto market.
Key Points
1. Solana’s SOL gained 1% in the last 24 hours, trading at $154, while Bitcoin and Ether recorded losses.
2. Rex Shares and Osprey Fund will launch the first U.S. SOL staking ETF this week, providing institutional investors with exposure to Solana and staking rewards.
3. Technical indicators for SOL are bullish, with the cryptocurrency closing above the 50-day EMA and showing potential to break past $160 and reach $184.
4. SOL is down 47% from its all-time high of $294, and while a correction is possible, strong support levels at $141 and $126 may prevent further declines.
5. The broader crypto market remains bearish, but SOL's fundamentals and the ETF news could drive its price higher.
Description
The cryptocurrency market was generally bearish on Monday, with Bitcoin, Ether, and other major cryptocurrencies recording losses. Bitcoin lost 1.2% of its value to trade below $108k while Ether continues to struggle below the $2,500 psychological level. However, some cryptocurrencies went against the trend and recorded gains. SOL, Solana’s native coin, was one of the
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