<ul data-eligibleForWebStory="true"><li>Solana rallied to $161 after news of the first Solana-based ETF with staking capabilities, but analysts expect a possible pullback due to technical indicators.</li><li>An ETF announcement by REX Shares led to a 7% jump in SOL price, reaching $161, before settling around $157.</li><li>Around $585 million worth of SOL tokens are set to unlock over the next two months, potentially adding selling pressure.</li><li>Technical indicators show a bearish bias for Solana, with descending channel and rising wedge formations suggesting a possible pullback towards $138.75 or lower.</li></ul>

Can Solana Hold Above $160 After ETF Rally?

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