Solana ETF Launch: Can SOL Break $142 Resistance?

With Franklin’s Solana ETF launching and SOL near a key resistance zone, could this spark a major breakout — or will the supply wall around $142 cause a sharp pullback?
5个答案
Altcoin ETFs are heating up. If Franklin buys hard, $142 breaks—and SOL could run to $150+
Supply is stacked at $142. Unless ETF demand is massive, SOL might just bounce and collapse again.
Franklin entering the altcoin ETF space with a Solana fund is a strong signal: institutional players are increasingly comfortable with altcoin exposure. Bitget Its ETF holds actual SOL tokens, and with favorable fees (0.19% and no sponsor fees on the first $5B until May 2026), many may use it as a regulated gateway to SOL.
SOL is currently trading just under a critical resistance zone around $142 — a level that previously saw heavy supply. Blockchain data shows around 13 million SOL shown in that region, meaning a lot of holders waiting to sell as price approaches. If ETF-driven demand is strong enough, that could push SOL past this wall, possibly to $150 or more. But if demand slows, SOL could fall back toward $118 or lower.
Given the ETF launch momentum and growing institutional interest, a breakout seems plausible. But this isn’t low-risk. The $142 zone is a major hurdle, and the balance between buying pressure from the ETF and existing owner selling will determine whether SOL breaks higher or retreats. For anyone watching or trading SOL, this week or the next few sessions could be very telling.
I’m less worried about this week and more about the bigger picture. Institutional adoption is real — I’ll hold through volatility.
I like the ETF news, but that $142 wall scares me. Waiting for a clean breakout before leaning in.
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