Solana (SOL) Skyrockets 8% Weekly—Bulls Eye $327 as ETF Hype Ignites Rally

Solana's SOL token surges past resistance as ETF rumors electrify the market—traders are piling in, but can the momentum hold?

Price action explodes: SOL's 8% weekly gain shakes off bearish sentiment, with whales accumulating ahead of potential ETF approval. The $327 target now looms large—a psychological magnet for bulls.

Behind the rally: A stealth ETF filing leaks, sparking a classic 'buy the rumor' frenzy. Institutional interest? Or just another crypto pump waiting to deflate? Wall Street's late to the party—again.

Technical breakout: SOL smashes through key levels like a meme coin on Reddit hype. RSI flirts with overbought, but in crypto-land, irrational exuberance is a feature, not a bug.

Closing jab: If history repeats, the SEC will kill this rally with paperwork—just in time for hedge funds to short it.

TLDR

• Solana jumped over 8% this week to reclaim $151 after REX Shares filed for the first-ever Solana staking ETF with the SEC
• Technical analysis shows SOL breaking out of a downtrend with targets at $168, $248, $289, and potentially $327
• The proposed REX-Osprey SOL and Staking ETF would offer institutional access to Solana’s price and staking rewards
• Analysts believe SOL completed a 546-day consolidation phase and is entering a new growth cycle
• Key resistance levels to watch are $158.81 and $163.58, with support holding at $145.98

Solana price surged more than 8% this week as the cryptocurrency reclaimed the $151 level. The rally came after REX Shares filed an application for a Solana staking ETF with the U.S. Securities and Exchange Commission.

The proposed REX-Osprey SOL and Staking ETF WOULD be the first of its kind. It would provide institutional investors exposure to Solana’s price movements and on-chain staking yield through a traditional financial product.

Bloomberg analyst Eric Balchunas confirmed the filing addresses prior SEC comments. He noted that REX Shares appears to be trying to get their product to market ahead of any spot solana ETF attempts.

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

The ETF would allow investors to gain Solana exposure without managing private keys. They would not need to interact directly with DeFi protocols either.

This development opens doors for institutional access to Solana. It comes as ETF momentum returns to the cryptocurrency space.

From a technical standpoint, Solana has broken free from a descending trendline. This trendline had capped price action since late May.

The breakout happened as SOL reclaimed its 50-day exponential moving average at $145.98. This level now acts as dynamic support for the cryptocurrency.

After touching $152.15, the price saw a brief retest. This is typical behavior before trend continuation in financial markets.

Technical Indicators Point Higher

The MACD indicator is holding a bullish crossover above zero. The RSI sits neutral at 52, giving plenty of room for upward movement.

Key support levels include $145.98, $144.86, and $139.03. Important resistance levels are $158.81, $163.58, and $168.17.

Solana is trading above an ascending trendline that starts NEAR $133.38. This reinforces the bullish structure with higher lows and steady accumulation patterns.

A MOVE above $158.81 could open the path toward $163.58. Eventually, this could lead to the $168.17 target, completing a textbook breakout pattern.

Analyst ROSE Premium shared a chart showing possible price targets at $248, $289, and $327. These targets suggest major upside potential if momentum continues.

💰 #Solana

546 Days of Re-Accumulating between $250 Major Resistance Level & Key Zone [$105-$138]🐃$SOL + Staking ETH is coming soon🔥

I still believe #SOL will be one of major gainers this cycle💰

FULL SEND to $500🚀 pic.twitter.com/q2VbnBmVxM

— Rose Premium Signals 🌹 (@VipRoseTr) June 29, 2025

The analyst believes SOL is entering a new growth phase. This comes after what they call a 546-day re-accumulation period.

Solana has been trading below $250, which represents strong resistance. The analyst now sees signs that it may finally break through this level.

Long Consolidation Period Ends

SOL has spent more than 500 days moving between $105 and $138. The recent weekly candle closed at $151.92, marking a gain of over 15%.

Rose Premium believes SOL has been rebuilding strength for 546 days. This extended timeframe shows patience among long-term investors.

The analyst also sees potential for a $500 target, though this represents a substantial move from current levels. Solana previously reached $295 earlier this year during strong market conditions.

The cryptocurrency is known for high-speed transactions and active developer participation. Adding staking opportunities through an ETF could increase network interest.

Solana’s next price moves depend on several factors. These include network upgrades and overall market conditions.

If SOL maintains a price above $250, the next targets would be $289 and $327. Some analysts even see potential for the $500 level mentioned by Rose Premium.

Key levels to monitor include SEC progress on the REX-Osprey filing and price action around $158.81 and $163.58. Unless SOL breaks back below $144.86, the technical setup remains intact, with a breakout above $158.81 confirming the next move higher toward the $168 target.