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⏰ 活动时间:截止至 2025年7月11日 24:00(UTC+8)
SOL news update: REX Shares Solana ETF boosts price, but for how long?
Key point:
REX Shares launched the first-ever US-staked cryptocurrency exchange-traded fund on Wednesday, giving investors direct exposure to Solana (SOL) and an opportunity to earn yield through staking
Although the price action showed promise in the past few days, the recovery fizzled out on Tuesday. Could buyers push the price above the overhead resistance in the next few days? Let’s analyze the charts to find out.
Solana price prediction
Solana turned down from the 50-day simple moving average ($156) on Monday, indicating that the bears are fiercely defending the level.
Sellers are likely to have other plans. They will try to pull the price to the solid support at $140. Buyers are expected to defend the $140 level with all their might, because a break below it may open the doors for a fall to $126 and then to $110.
Related: SOL ETF news gain evaporates, while chart warns of another 20% drop
A break and close above $159 will complete an inverse head-and-shoulders pattern, which has a target objective of $192.
Contrarily, a break and close below $144 suggests the bears are selling on every minor rally. The pair may then decline to the $140 to $137 support zone
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.