Solana ETF price surge has driven SOL to a remarkable $12 billion market cap increase, and the cryptocurrency is breaking key resistance levels as REX Shares prepares to launch the first-ever Solana staking ETF. The Solana $168 resistance now serves as the next critical target in this Solana breakout rally, while the Solana price forecast points to continued bullish momentum. This Solana investment potential surge comes as regulatory approval appears imminent right now.
Also Read: Solana: Why SOL Price May Surge 30% Before June Ends
Solana ETF Price Surge Fuels Breakout Rally And Forecast Optimism
The Solana ETF price surge has transformed market sentiment, with SOL trading at $151 after a 16% weekly gain at the time of writing. The market capitalization was raised by 17.9 percent with an increase of $68.32 billion to $80.55 billion. This Solana $168 resistance level becomes crucial as technical indicators support the ongoing Solana breakout rally.
Bloomberg ETF analyst Eric Balchunas had this to say:
“Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch.”
Technical Indicators Support Continued Rally
Coming Soon: The First-Ever Staked Crypto ETF in the U.S.!
— REX Shares (@REXShares) June 27, 2025
Introducing the REX-Osprey™ SOL + Staking ETF, designed to track the performance of Solana while generating yield through on-chain staking.
✔️ SOL exposure
✔️ Staking rewards
A new era of yield-generating crypto… pic.twitter.com/I8yIEqiI5R
The Solana price forecast remains bullish as SOL broke above its descending trendline and also closed above the 50-day EMA at $151.48. The RSI reads 52, which is above neutral levels, while MACD shows a bullish crossover. This technical setup reinforces the Solana investment potential, with the Solana ETF price surge providing fundamental support for further gains.
Eric Balchunas also stated:
“They’re no doubt trying to get it to mkt ahead of the spot ones.”
Rex also filed an updated prospectus, which totally filled in. Add it all up and it appears as though all systems go for imminent launch. $SSK is the ticker. pic.twitter.com/Mkbqd2Qjo4
— Eric Balchunas (@EricBalchunas) June 28, 2025
Regulatory Progress Drives Optimism
REX Shares has addressed SEC concerns for its staking ETF, and is bypassing traditional 19b-4 filing processes. The Solana $168 resistance represents the next key level, as the Solana breakout rally gains momentum from regulatory clarity. This Solana ETF price surge positions SOL for potential gains toward $184.13 if current support holds at the time of writing.
Also Read: Nasdaq-Listed Upexi Buys $7.8 Million Solana Amid Market Dip
Balchunas added:
“So they are good to launch, it looks like. Wow.”
Update: here’s the SEC saying it has no further comments, so they are good to launch it looks like. Wow. pic.twitter.com/EB2AzasrsD
— Eric Balchunas (@EricBalchunas) June 28, 2025
The Solana price forecast suggests continued upside right now, with the cryptocurrency’s Solana investment potential attracting institutional interest. With the launch of the first Solana staking ETF approaching, the current Solana breakout rally may continue and the Solana $168 resistance is definitely an imperative level to consider.