Solana News: Solana Eyes $185 Breakout as Multi-Exchange Liquid Staking Gains Institutional Traction

Key Takeaways:Solana completes inverse head-and-shoulders breakout, setting $185 as the next resistance.Liquid Collective launches LsSOLInstitutional demand for liquid staking rises ahead of potential Solana ETF approval.Solana (SOL) is gaining renewed momentum as institutional players ramp up interest in the network’s staking ecosystem. The recent introduction of a multi-exchange liquid staking token could act as a key catalyst for SOL’s next leg upward, potentially driving the price toward the $185 resistance zone.Liquid Staked SOL launches with major institutional backersLiquid Collective, an enterprise-grade staking solution, has launched LsSOL, a liquid staking token built on Solana. The launch marks a significant step in offering scalable, institutional-grade staking services on the Solana network. With growing speculation around U.S. regulatory approval for Solana-based exchange-traded funds (ETFs), liquid staking demand is expected to surge.Technical breakout opens the door for $185 targetSolana has completed an inverse head-and-shoulders breakout by decisively moving above the $159 neckline, a bullish pattern that often signals a trend reversal. Buyers defended the breakout successfully during the retest, solidifying $159 as a new support level.The 20-day exponential moving average (EMA) at $157 is now sloping upward, and the relative strength index (RSI) is nearing overbought territory, confirming bullish momentum.If bulls can sustain SOL’s price above $168, the SOL/USDT pair could climb toward the $180–$185 resistance range. A breakout above $185 could send the pair rallying toward $210, a level not seen since early 2022.Bears losing ground, key levels to watchSellers are expected to defend the $185 level aggressively. However, if they fail to drag the price back below $169 soon, bullish sentiment may dominate. A breakdown below $155 would shift momentum back in favor of the bears, with support seen at $144 and $137.For now, the $159 level has flipped into strong support, and continued institutional accumulation via liquid staking flows could reinforce this rally.Institutions may propel Solana’s next breakoutWith Solana staking infrastructure expanding through major industry players and ETF speculation gaining steam, institutional demand could be a game-changer. As LsSOL adoption grows, it may unlock fresh capital inflows into the Solana ecosystem and push SOL closer to reclaiming its former highs, according to Cointelegraph.