The cryptocurrency market is buzzing as Solana (SOL) soars to $153.21 following the groundbreaking approval of the REX-Osprey Solana ETF. With a 99% probability of more ETF approvals on the horizon, SOL’s rally is just getting started. Here’s what you need to know.
How Did Solana ETF Approval Impact the Price?
The REX-Osprey Solana ETF went live on July 28, 2025, triggering an immediate price surge to $153.21. Analysts attribute this jump to:
- Institutional demand flooding the market
- Increased liquidity from ETF inflows
- Positive sentiment around future approvals
What’s Next for Solana Price?
Technical indicators suggest SOL is primed for a major breakout:
| Resistance Level | Price Target |
|---|---|
| $200 | $305 (CoinCentral) |
| $192 | $205, $225, $268 |
| All-time high | $293 (RSI indicator) |
Why Are Institutions Bullish on Solana?
The ETF approval has opened floodgates for institutional investment:
- REX-Osprey ETF creating fresh demand
- Solana DeFi TVL surpassing $10 billion
- Robust infrastructure development
What Are the Risks for SOL Investors?
While the outlook is positive, traders should watch for:
- Volatility around $194 resistance
- Potential pullback to $192 support
- Macroeconomic factors affecting crypto
Conclusion: Is Solana Set for New Highs?
With ETF momentum, technical alignment, and growing institutional interest, Solana appears positioned for continued growth. The $200 level remains crucial – a sustained breakout could propel SOL to unprecedented heights.
Frequently Asked Questions
When was the Solana ETF approved?
The REX-Osprey Solana ETF launched on July 28, 2025.
What price did SOL reach after ETF approval?
SOL hit an intraday high of $153.21 following the announcement.
Are more Solana ETFs expected?
Prediction markets suggest a 99% probability of additional approvals this year.
What’s Solana’s all-time high price?
SOL previously reached $293, a level analysts believe could be retested.
How does ETF approval affect Solana?
ETFs bring institutional investment, increased liquidity, and mainstream adoption.
What’s Solana’s key resistance level?
The $200 mark is currently the most watched technical level.
