Solana Price Prediction: SOL Jumps 8% on ETF Buzz, Eyes $168 as Bullish Breakout Builds

Solana (SOL) surged more than 8% this week, reclaiming $151 after REX Shares filed an application for a Solana staking ETF with the U.S. SEC

Written by: Arslan Butt • Monday, June 30, 2025 • 2 min read

• Last updated: Monday, June 30, 2025

Quick overview

Solana (SOL) surged over 8% this week, reclaiming $151 after REX Shares filed for a Solana staking ETF with the U.S. SEC.
The proposed REX-Osprey SOL and Staking ETF would provide institutional access to Solana's price and staking yield without managing private keys.
Technically, Solana has broken a downtrend and is targeting $168, with key support at $145.98 and resistance at $158.81.
Investors should monitor SEC progress on the ETF filing and price action around critical levels to gauge future movements.

Solana (SOL) surged more than 8% this week, reclaiming $151 after REX Shares filed an application for a Solana staking ETF with the U.S. SEC. If approved, the REX-Osprey SOL and Staking ETF would mark a first-of-its-kind product, offering exposure to Solana’s price and on-chain staking yield through a traditional financial instrument.

Bloomberg analyst Eric Balchunas confirmed that the filing addresses prior SEC comments and appears designed to front-run any spot Solana ETF attempts. “They’re no doubt trying to get it to market ahead of the spot ones,” he noted.

For investors, this opens the door to institutional access without needing to manage private keys or interact with DeFi protocols—an attractive narrative as ETF momentum returns to the crypto space.

SOL Breaks Out of Downtrend, Eyes $168 Target

From a technical perspective, Solana has broken free of the descending trendline that capped price action since late May. The breakout coincided with a reclaim of the 50-day EMA at $145.98, now acting as dynamic support. After touching $152.15, the price saw a brief retest—typical of consolidations before trend continuation.

Here’s what the chart shows:

MACD: Holding a bullish crossover above zero
RSI: Neutral at 52—plenty of room to move higher
Support Levels: $145.98 → $144.86 → $139.03
Resistance Levels: $158.81 → $163.58 → $168.17

Price is also riding above an ascending trendline starting near $133.38, reinforcing the bullish structure with higher lows and steady accumulation.

A decisive move above $158.81 could open the way toward $163.58 and eventually $168.17, completing a textbook breakout pattern.

What to Watch Next

With the ETF news serving as a fresh catalyst and the chart structure leaning bullish, Solana has quickly returned to the spotlight among large-cap cryptos.

Solana Price Chart - Source: Tradingview — Solana Price Chart – Source: Tradingview

Key things to monitor:

SEC progress on the REX-Osprey filing
Price action around $158.81 and $163.58
Market sentiment around staking ETFs and altcoins

Unless SOL breaks back below $144.86, the technical setup remains intact. A breakout above $158.81 with strong volume would confirm the next leg higher—putting the $168 target firmly in sight.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.