Can Solana Worth Reclaim $200 After Morgan Stanley’s ETF Submitting?

Solana value is dealing with resistance after breaking out of an prolonged consolidation zone throughout the $127 space. SOL value is down a fraction of a share within the final 24 hours, regardless of a ten% surge within the final week, buying and selling at $138.78 as of 01:18 a.m. EST.

This slight drop occurred simply hours after Morgan Stanley filed a Type S-1 with the US Securities and Change Fee (SEC) for a Solana Belief.

Solana’s weekly surge comes amid a begin of the yr rally that noticed Bitcoin value climb again above the $93,500 area.

Nonetheless, a key historic sample on the SOL 3-day chart suggests a possible restoration. Each time Solana touches assist round $120, it’s adopted by a sustained surge to get well any losses. Can the Solana token ship on this sentiment?

Morgan Stanley Information For Solana ETF: Why This May Be A Main Worth Catalyst

Morgan Stanley, a Wall Avenue heavyweight, has filed a Type S-1 with the US SEC, in search of approval for a spot BTC exchange-traded fund (ETF) and a Solana belief, additional advancing its ambitions in digital belongings.

SHOCKER: Morgan Stanley simply filed for a spot Bitcoin and Solana ETF. H/t @TheBlock__ pic.twitter.com/AmYLeDTJBy

— Eric Balchunas (@EricBalchunas) January 6, 2026

The Morgan Stanley Solana Belief is supposed to trace the worth of Solana and permit traders achieve publicity to SOL by means of conventional funding autos. This removes the necessity for direct custody of the token.

In line with SoSoValue knowledge, Solana funds have grown to greater than $1 billion in whole internet belongings, following cumulative internet inflows of practically $800 million and day by day whole inflows of $9.22 million.

Traditionally, ETF filings and approvals have performed a essential function in boosting institutional participation, as seen with BTC sport ETFs.

Solana Worth Evaluation: Bullish Breakout In Focus

The SOL value chart evaluation on the 3-day timeframe reveals that Solana has damaged out of the $135 assist stage, which coincides with a decrease assist space throughout a consolidation part that has capped the asset beneath the $168 resistance.

With the tried surge, key Fibonacci Retracement ranges to observe are $155.84 (0.618 Fib stage) and $174.57 (0.5 Fib stage), with the 50-day and 200-day Easy Transferring Averages (SMAs) at $174.25 and $168.70, respectively.

The Solana Relative Energy Index (RSI) is at 45.98 and rising, indicating that purchasing stress is growing however nonetheless throughout the equilibrium zone. There may be some resistance on the 47.7 space, but when it rises larger than this, consumers might take full management to push Solana value previous the $155.84 rapid resistance.

The buying and selling quantity surged by over 14% within the final 24 hours to $6.26 billion, indicating market exercise has picked up. Regardless of this, Solana is down from the $143.09 stage, as proven by the current candle on the 3-day chart.

Can The SOL Worth Soar To $200?

In line with the SOL/USD chart evaluation, the SOL value is at present poised for a bullish breakout continuation. Subsequently, the $200 stage is feasible, so long as the Solana value continues to commerce above the $129.17 space (0.786 Fib stage).

This might occur, as each time the worth of Solana has dropped again to the $120 zone from February 2024, it has recovered massively.

With the current correction from the $143 stage, traders are nonetheless cautious, because the asset nonetheless has the chance to drop again to the $121.41 long-term assist space.

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