Solana Liquid Staking Token LsSOL launch dey spark SOL rally
Liquid Collective don release their Solana liquid staking token, LsSOL, for big exchanges like Coinbase, Kraken, Galaxy, Anchorage Digital and Fireblocks. This Solana liquid staking launch dey meet the growing demand from big institutions before possible US-listed SOL ETF, opening better liquidity and attracting big investors.
Technical analysis show say SOL don break inverse head-and-shoulders pattern after e cross $159. The 20-day EMA dey rise and RSI dey near overbought levels, wey mean strong bullish momentum dey. If e hold well above $168, e fit push SOL go resistance for $185 and even $210, but if e fall below the EMA around $157, e fit drop go $144 and $137. For the four-hour chart, $159 don become support now and if e break above $169, e fit target the $180–185 zone.
Bullish
Liquid Collective launch LsSOL for multiple exchanges don boost Solana liquidity and how institutions dey see am, na solid boost wey normally dey help price go up. Technical indicators support dis bullish trend: SOL don pass key inverse head-and-shoulders neckline for $159, with 20-day EMA dey go up and RSI near overbought levels. If e maintain support above $168 and break above $169 for short timeframes, e fit push SOL go $185 and maybe $210. But if e fall below EMA around $157, e fit cause small pullback to $144–$137 short-term, however, combined fundamental and technical catalysts dey show SOL get bullish path both short and medium term.