SOL Eyes $165 After Reclaiming Key Levels and Gaining ETF Backing

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• Anchorage Digital selected as custodian for REX-Osprey ETF, enabling institutional access to SOL through regulated investment vehicles.
• DeFi Development Corp allocated $112.5 million to SOL, signaling strategic interest similar to MicroStrategy’s approach with Bitcoin.

Solana (SOL) is trading at $152.69 USDT, with a strong daily increase of +3.96%, following a weekly gain of +4.62%.

Despite this short-term recovery, the token remains −3.18% for the month, and is still in the red −26.71% over the past six months. Year-to-date, SOL has lost −19.35%, although it remains in long-term positive territory with a +4.08% yearly gain.

From a technical perspective, SOL is exhibiting a bullish breakout structure. Price has reclaimed key resistance at $148–$150, now acting as support, and is approaching the next pivot zone at $158.80–$165.00. The breakout follows a bullish RSI divergence and higher low formation from the $136 support level.

Indicators are neutral-bullish with improving moving average alignment and increasing volume (~1.77M SOL). A close above $155 could confirm a continuation toward $170–$183, while downside support lies at $143–$145.

Key news and catalysts supporting Solana’s current move include:

1. Anchorage Digital has been named staking partner and custodian for the REX-Osprey Solana + Staking ETF, a major institutional milestone, enabling regulated exposure to SOL through retirement and asset management vehicles.
2. DeFi Development Corp announced a $112.5 million private placement to buy SOL, essentially branding themselves as the “MicroStrategy of Solana.” This strategic treasury move signals strong institutional belief in the asset.
3. Solana wallet adoption continues to grow, with the number of wallets holding at least 0.1 SOL hitting a record high—underscoring increasing retail-level engagement.
4. Access Protocol has integrated Solana Blinks and Actions, enhancing its content monetization layers and expanding creator tools within the Solana ecosystem.
5. PancakeSwap v3.0 liquidity pools launching on Solana strengthens its DeFi footprint, reinforcing SOL’s position as a viable multi-chain hub.

Overall, Solana is positioned at a technical inflection point, where a sustained breakout above $155 could initiate a rally back toward its 2024 highs.