- The price of Solana (SOL) has formed a bullish flag, eyeing a breakout above key resistance.
- Solana ETF filing and 1inch integration have boosted Solana’s fundamentals.
- Short squeeze and volume surge signal strong market momentum.
After weeks of steady movement, Solana (SOL) is flashing signals that suggest a powerful breakout could be on the horizon.
The token is currently holding strong around $151.45, with its 24-hour range stretching between $149.71 and $154.17.
This stability comes as SOL cements its place among the top-performing assets in the crypto market, gaining over 12% in the past seven days.
Bullish flag breakout hints at continuation
Solana’s daily chart has now broken past a textbook bullish flag pattern, a formation that often precedes a sharp upward move.
This pattern formed as the price consolidated in a narrowing range, with higher lows and lower highs tightening the structure.
Currently, SOL is trading above the upper line of this flag, while also testing its 100-day moving average, which now acts as dynamic resistance.
A successful close above the moving average could be the catalyst that unlocks the next phase of the rally.
Momentum indicators are already aligning in favour of the bulls, as the MACD flashes a buy signal while the RSI has climbed above the neutral 50 mark.
Solana ETF buzz has ignited institutional interest
Beyond the charts, fundamental news is adding fuel to Solana’s upward narrative.
REX Shares recently made a post on the social media platform X, hinting at the launch of a Solana staking ETF.
Coming Soon: 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 rewardsA new era of yield-generating crypto… pic.twitter.com/I8yIEqiI5R
— REX Shares (@REXShares) June 27, 2025
This proposed exchange-traded fund aims to track SOL’s price while generating yield through on-chain staking.
Market observers believe this filing could attract institutional capital into Solana’s ecosystem, especially if the ETF goes live before others in the pipeline.
Notably, Bloomberg’s ETF analyst Eric Balchunas confirmed that REX has addressed SEC concerns.
The development could be a sign that the product may launch sooner than expected.
Traders are interpreting the ETF news as a potential game-changer, with some seeing it as a validation of Solana’s growing role in decentralised finance.
This renewed confidence is evident in the rising trading volume, which surged nearly 18% to over $3.7 billion in a single day.
Short squeeze has triggered a volatility surge
While momentum builds, Solana’s rapid price movements have caught short sellers off guard.
Data from CoinGlass shows that more than $9.64 million has been liquidated from short positions in a sharp move upward.
This sudden liquidation spike fueled a mini short squeeze, driving the price above $154 before a minor pullback returned it to the $150 level, causing some long positions to be liquidated as shown on the screenshot above.
Despite the temporary dip, the fact that Solana is still trading above key technical levels suggests that bullish control remains intact.
Volume continues to remain in the green zone, a sign that traders are preparing for another leg higher if momentum resumes.
1inch integration strengthens Solana’s ecosystem
Adding to the bullish fundamentals, 1inch — the largest DEX aggregator — has now fully integrated Solana into its wallet and platform.
1inch is now available on Solana for seamless on-chain swaps.
It’s a massive step towards true DeFi unity.
✅ API support already online 🚀 Wallet integration and native cross-chain coming soon.
This is the start of something huge.
Find out more 👀 https://t.co/Xoi1oloOPq pic.twitter.com/0jFpah9FIx
— 1inch (@1inch) April 29, 2025
Starting June 30, users can swap over a million SOL tokens directly from the 1inch Wallet, marking a major milestone for cross-chain DeFi.
The integration offers real-time balance tracking, seamless dApp connections, Ledger hardware wallet support, and top-tier swap execution for Solana tokens.
According to 1inch co-founder Sergej Kunz, this move bridges EVM and non-EVM chains, creating a smoother experience for DeFi users worldwide.
Solana’s activity on 1inch has already surged since the initial integration began weeks ago.
The combination of speed, scalability, and a thriving ecosystem makes Solana increasingly attractive for both developers and traders seeking efficient, low-cost trading.
Solana price outlook: $160 resistance in sight
At the current price level, Solana is consolidating just below the critical resistance at $160.
If the bulls manage to flip this level into support, the next price target sits around $184, a zone that aligns with prior highs and bullish extension projections.
Optimism remains, especially as SOL continues to form higher highs and higher lows within a long-term ascending channel.
Some projections place a longer-term price target near $300, while others stretch as high as $700 if volume and structure align in the coming months.
But for now, all eyes remain on whether Solana can maintain its footing above the $148–$150 support zone.
