$SOL Solana price set for $150 Rally as SOL staking spikes $450 million $SOL #etf #SolanaTrade

✨ Solana's price recently surpassed $100 after a 33% drop from $126 to $85 between Dec. 25 and Jan. 7. A 20% bounce on Jan. 8 helped reclaim the $100 level, with positive sentiment from the approved Bitcoin spot ETF paving the way for a potential rally. Staking data reveals a pattern reminiscent of the December 2023 rally, with 4.51 million SOL staked this week, worth around $450 million. Increased staking is seen as a bullish signal, enhancing network security and reducing available tokens for trading. Historical data links Solana's previous rally to a surge in staking. The article suggests a potential bullish breakout and a $150 price target, contingent on overcoming resistance at $117.6. However, a reversal below $85 could jeopardize this forecast, with potential support at $90.