Ondo Finance brings tokenized Nvidia and Amazon stocks to Solana with exchange-backed liquidity, instant settlement and DeFi integration. | Credit: CCN.com
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Key Takeaways
New Solana ETF and staking model boost bullish sentiment.
Golden cross and inflows support a breakout toward $152.
Sustained demand could send SOL to $203 — here is how.
Solana (SOL) may be gearing up for a major breakout after Franklin Templeton joined the group of firms to launch Solana ETFs.
This development expands institutional and strengthens the narrative that SOL is becoming a preferred asset among large investment managers.
Before the ETF announcement, Solana’s price looked ready to slide below $12.
However, sentiment has changed. As of this writing, SOL has jumped above $140, suggesting that the market may be pricing in the potential impact of ETF-driven demand.
New Solana ETF Unlocks Bullish Trend
According to CCN’s findings, the new Solana ETF will give investors direct exposure to Solana’s price movements.
This will allow traditional market participants to access SOL without holding the asset directly.
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This turnaround signals growing confidence in Solana as anticipation builds around the new ETF. In this case, they reinforce the broader bullish momentum forming around SOL.
SOL Price Analysis: Targets Revealed
Looking at the daily chart, Solana’s price has broken above the resistance line of its descending channel.
This breakout suggests that bullish momentum is strengthening.
At the same time, the Money Flow Index (MFI) has risen above the neutral line, indicating rising buying pressure.
If this momentum holds, Solana’s price will likely move toward $152.77, which aligns with the 0.236 Fibonacci retracement level.
Sustained buying could extend the rally further. In a highly bullish scenario, SOL could reach a peak of $172.02.
If inflows into Solana-focused ETFs continue to rise, the bullish extension becomes even more compelling.
Strong institutional demand could help push the price toward $203.12, a resistance level at the 0.618 Fibonacci golden ratio.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
