Solana Price prediction: SOL Surges 5% Ahead of REX-Osprey SOL Spot ETF Launch on Wednesday

The Solana price has surged 5% in the last 24 hours to trade at $153 on a 79% daily trading volume to $4.81 billion.

Solana Price Rises on REX-Osprey SOL Spot ETF Launch

This increase in SOL price comes as the REX-Osprey SOL Spot ETF prepares to launch on Wednesday, offering investors direct exposure to Solana’s price and staking rewards.

This innovative ETF, which combines price tracking with on-chain staking, has fueled excitement in the market, pushing SOL higher.

The product’s approval under the ‘40 Act’ structure and growing regulatory support from the SEC have added to the bullish sentiment, with many seeing this as a major step toward mainstream adoption of staking-enabled crypto investment products.

This launch marks an important step for the crypto market, blending traditional finance with blockchain features. More staking-enabled ETFs will follow, offering investors both growth and passive income opportunities.

Solana Price Awaits Breakout Confirmation As Buyers Show Early Strength

The Solana daily chart shows signs of recovery after months of weakness, but the market is still waiting for a clear breakout.

SOL has been in a strong downtrend earlier in year, moving inside a bearish channel that pushed the price from around $120 down to the $110 support zone.

During this period, selling pressure was heavy, and the RSI dropped to oversold levels, showing weak momentum.

In April, however, SOL started to form a parabolic curve, which often signals the start of a trend reversal. The RSI indicator also climbed above 50, suggesting buyers were stepping in.

Since then, the price has been moving sideways in a consolidation zone between $120 and $180. The chart also shows signs of liquidity grabs and market structure shifts, often linked to large players preparing for the next trend.

Solana Price Break Above $180 Could Trigger Big Rally

If SOL manages to break above $180, the price could rally towards the next big resistance zone around $260 to $280, where many buy orders are likely sitting. This area is seen as a major buy liquidity zone, which means the price could get drawn there if momentum builds.

On the flip side, if the price fails to hold above $120, there’s a risk that it could retest lower levels near $100, where sell-side liquidity is present.

In short, SOL remains stuck in a range. A breakout above $180 could lead to a bigger rally, while a drop below $120 would weaken the outlook.