Solana Liquid Staking Token LsSOL Launch Sparks SOL Rally
Liquid Collective has rolled out its Solana liquid staking token, LsSOL, on major exchanges including Coinbase, Kraken, Galaxy, Anchorage Digital and Fireblocks. This Solana liquid staking launch meets growing institutional demand ahead of a potential US-listed SOL ETF, unlocking greater liquidity and attracting large-scale investors.
Technical analysis shows SOL has broken an inverse head-and-shoulders pattern after clearing $159. The 20-day EMA is rising and the RSI nears overbought levels, indicating strong bullish momentum. A sustained move above $168 could push SOL toward resistance at $185 and even $210, while a drop below the EMA around $157 risks a fall to $144 and $137. On the four-hour chart, $159 now offers support and a break above $169 could target the $180–185 zone.
Bullish
Liquid Collective’s multi-exchange launch of LsSOL enhances Solana’s liquidity and institutional appeal, a fundamental boost that typically supports price appreciation. Technical indicators reinforce this bullish outlook: SOL has cleared a key inverse head-and-shoulders neckline at $159, with the 20-day EMA rising and RSI near overbought levels. Sustained support above $168 and a break above $169 on shorter timeframes would likely propel SOL toward $185 and potentially $210. While a drop below the EMA around $157 could trigger a pullback to $144–$137 in the short term, the combined fundamental and technical catalysts suggest a bullish trajectory for SOL in both the near and medium term.