Solana ETF Triggers Rally, But $160 Is Make-or-Break for Bulls

Solana (SOL) just made ETF history – and the market responded instantly.

Following the launch of the REX Shares Staked Solana ETF, the first U.S.-based ETF offering staking yield exposure to SOL, the token surged, reigniting hopes for a full-scale bullish reversal.

But there’s one major catch: $160 is now the line in the sand.

ETF Momentum Boosts SOL, But Resistance Is Heavy

The ETF launch brought fresh bullish energy, pushing SOL toward its 50-day SMA at $156. But bears were waiting.

• Monday saw a rejection at $156
• Bulls stepped in again at the 20-day EMA ($148)
• The battle zone: $159–$160

A clean break above $159 would confirm an inverse head-and-shoulders pattern, opening the door for a move to $192, a level not seen since April.

“If bulls hold $160, SOL could ignite the same kind of rally we saw in early 2024,” one analyst told Press News. “But if $140 breaks, the floor gets pulled fast.”

Solana Price Levels to Watch

Technical LevelRoleSignal$160🔑 Neckline resistanceBreakout = bullish reversal pattern confirmed$148⚖️ 20-day EMA supportCurrent demand zone$140⚠️ Key floorBreak = bearish momentum intensifies$126 → $110🕳️ Breakdown targetsBearish continuation zone

Short-Term Solana Outlook

If price breaks below $144 → watch for $140–$137 as potential bounce zones.

If SOL flips $159 to support → target zone extends to $168 → $185, with ETF inflows acting as fuel.

On the 4-hour chart, SOL is trying to stay above its moving averages, signaling accumulation by smart money. If momentum continues, $192 is a realistic short-term target.