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Solana price trend signals sharp recovery chances to $200 with a breakout rally amid SOL Futures ETFs hype.
With Bitcoin at the $86,000 mark, Solana has reclaimed the $130 level. Amid the bullish recovery, Solana has recorded a 6% surge over the past 24 hours.
With newfound momentum, the SOL price action hints at a potential breakout rally. Will this surge push SOL prices to the $200 mark? Let’s find out.
Solana Price To Break Long-Standing Resistance Trendline
In the 4-hour price chart, the overall Solana trend reflects a bearish influence. However, the recent comeback from the $112 swing low is projecting a high chance of a breakout rally.
The prevailing downfall has created a bearish expanding channel starting from mid-January. However, the recent bullish recovery in Solana is challenging the overhead trendline close to the $135 mark.
With a streak of bullish candles, the ongoing struggle close to the resistance trend line signals a high breakout potential. Furthermore, with the recent recovery, the MACD and signal lines have re-entered positive territory after the recent crossover.
This results in a new wave of bullish histograms hinting at supporting the chances of a bullish breakout. Hence, the momentum indicator signals a potential extended rally in the SOL price trend.
Will Breakout Rally in SOL Price Hit $200?
Based on horizontal levels, the bullish breakout will likely challenge the previous resistance at $188. These levels extend the price targets to $222 and $267.
However, based on the pivot levels, the short-term target is the $150 psychological mark, which coincides with the R2 resistance pivot level.
On the downside, the crucial support level for Solana remains around the $117 mark, followed by the $100 psychological level, which aligns with the S2 pivot support level.
Solana Futures ETFs to Enter Wall Street
Adding to the bullish sentiment around Solana, Volatility Shares LLC moves to launch two Solana ETFs to track Solana futures. These first-of-their-kind ETFs will track Solana futures with expense ratios of 0.95% and 1.85%.
First-ever Solana ETFs in U.S. are launching in tomorrow from VolShares. Will track futures. One is 2x. Solana equiv of BITO and BITX. Scoop via @isabelletanlee pic.twitter.com/juhIru9MZb
— Eric Balchunas (@EricBalchunas) March 19, 2025