- Solana’s $159 resistance remains a critical hurdle, with a potential breakout toward $160–$165 if cleared.
- Solana’s first-ever Staking ETF sparks institutional interest, pushing price up 6% and attracting traditional finance.
- Analysts predict a breakout for Solana, but it must clear the $159 level to validate the bullish trend.
Solana’s price action and market activity indicate a change toward a positive outlook. With increased decentralized exchange (DEX) volumes and the imminent Solana Staking ETF launch, momentum is building for a possible breakout. However, price activity is constrained by important resistance levels, which traders are actively monitoring.
Solana’s Triple Bottom and the $159 Resistance
The Solana chart shows a clear triple-bottom formation, with price testing the $158–$159 resistance level multiple times without breaking through. This pattern indicates that strong demand continues to build, with buyers defending critical levels on each dip. As price lingers just below resistance, the market remains in a consolidation phase, preparing for a breakthrough.
Source: (X)
Breaking above $159 might be a big changer, propelling the price into the $160-$165 zone. With each decline met with buying pressure, the upward trend becomes more plausible. Thus, if the price clears this resistance zone, Solana could gain enough momentum for a swift rally.
Solana’s Staking ETF Launch Drives Institutional Interest
Taking a closer look at market developments, Solana’s first-ever Staking ETF, set to launch on July 2, is adding fuel to the fire. According to Bitunix, the ETF’s introduction, with over 50% of its holdings staked on-chain, has already triggered a 6% increase in Solana’s price. This surge reflects institutional interest in Solana, as staking rewards attract more attention from traditional finance.
🚨 SOL Staking ETF is here!
REX will launch the first-ever US #Solana Staking ETF on July 2nd, introducing staking rewards to TradFi. Over 50% of holdings will be staked on-chain.
Market reaction: $SOL jumped 6%, JTO gained even more — showing strong interest in staking-based… pic.twitter.com/fGDh2kmLTn— Bitunix (@BitunixOfficial) July 1, 2025
With this new ETF offering, Solana’s market position could strengthen further. If the price holds above $150, a move toward the $160–$165 range looks within reach. Meanwhile, the launch also benefits Solana ecosystem tokens like JTO, which are likely to gain traction as more investors pour into Solana-based products. This could set the stage for Ethereum to introduce similar staking ETFs.
Analysts predict Solana’s Breakout or Continued Consolidation.
Solana’s price continues to respect both resistance and support levels, keeping traders fascinated. As the price hovers around $159, patience is required for a potential breakout. The market is waiting to see if Solana can overcome this setback and continue its upward trend.
If the price remains over $149.82, Solana may resume its upward trend to the next target zone. However, failure to break through $159 may lead to additional consolidation, so traders will keep a tight eye on these critical levels. With emotion still high, confirmation of the breakout is all that is needed to drive Solana’s next big move.
