The cryptocurrency market was generally bearish on Monday, with Bitcoin, Ether, and other major cryptocurrencies recording losses. Bitcoin lost 1.2% of its value to trade below $108k while Ether continues to struggle below the $2,500 psychological level. However, some cryptocurrencies went against the trend and recorded gains. SOL, Solana’s native coin, was one of the winners on Monday. It added 1% to its value to stay above $150 and now looks set to break out thanks to strong fundamentals and technical catalysts. Rex Shares and Osprey Fund to launch their SOL staking ETF this week The primary catalyst behind SOL’s positive performance on Monday was the report that Rex Shares and Osprey Fund will launch their SOL staking exchange-traded fund (ETF) this week. A spokesperson for the company revealed that the fund will launch on Wednesday. The REX-Osprey SOL+Staking ETF would be the first of its kind in the United States. It would give institutional investors direct exposure to SOL with staking rewards. REX Shares @REXShares · Follow Coming Wednesday: The First-Ever Staked Crypto ETF in the U.S.! 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 5:36 PM · Jun 30, 2025 152 Reply Copy link Read 13 replies While it is not the same as a spot Solana ETF, investors would be excited with this launch as it could pave the way for more Solana-based ETFs in the U.S. SOL to breakout of the descending trendline Solana’s SOL is currently trading at $154 per coin, up 1% in the last 24 hours. The technical indicators are positive, suggesting that SOL could rally higher in the short term. The SOL/USD 4-hour chart is bullish and efficient, indicating that the pair has swept liquidity on the downside and could surge higher soon. SOL broke out and closed above the descending trendline over the weekend after testing the $141 level for days. The weekend rally allowed SOL to close above the 50-day Exponential Moving Average (EMA) at $151.48. The Moving Average Convergence Divergence (MACD) lines are firmly within the positive territory, while the Relative Strength Index (RSI) of 64 suggests a bullish bias. If SOL continues with its upward trend, it could rally towards the daily resistance level at $160 in the coming hours. If it successfully closes above this level, SOL could extend its rally to retest the next major resistance level at $184. Despite the recent bullish performance, SOL is down 47% from the all-time high price of $294 it set earlier this week. With the broader crypto market currently bearish, SOL could face a correction. If that happens, it could extend the decline toward its next support level at $141. However, the market has to be extremely bearish for SOL to retest the $126 low anytime soon. Bulls have defended the $126 support level, as any drop below this could see SOL dip to $97 for the first time since April. The post SOL could surge to $180 on Solana ETF news; check forecast appeared first on Invezz
