SOL news update: Will multi-exchange liquid staking trigger rally to $185?

Key Points

1. Institutional interest in Solana-based staking options (LsSOL) is rising, partly due to anticipation of SOL-based ETFs.

2. SOL completed an inverse head-and-shoulders pattern, breaking above $159, with the 20-day EMA and RSI indicating bullish momentum.

3. If SOL maintains above $168, it could rise to the $185 resistance level; a break above $185 may push it to $210.

4. Sellers are expected to defend the $185 level, while a drop below $169 could lead to a decline to $159 or lower.

5. Technical analysis suggests the $159 level has flipped to support, with buyers pushing the price above $169, targeting the $180-$185 zone.