Solana price rebounds on Morgan Stanley ETF update as $75 test looms
22 Jun 2026 · 12:18 UTC · Crypto.News RSS Feed · Original source
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Summary
Solana price has surged nearly 9% over the past three days after Morgan Stanley updated its spot ETF filing, putting the token back within striking distance of the $75 resistance zone.
Why it matters
The update from Morgan Stanley on its ETF filing is a significant catalyst for Solana, as ETF developments often influence market sentiment and price movements. The proximity to the $75 resistance level adds to the psychological aspect of trading, likely attracting more investors. However, the overall market impact on Bitcoin may be more subdued due to its broader macroeconomic factors. The confidence in predictions varies, reflecting the uncertainty around how closely SOL's movements will affect BTC and the altcoin market.
Expected impact
Solana's price rebound signals positive sentiment in the market, particularly as it approaches the $75 resistance level. The update from Morgan Stanley regarding its spot ETF filing has contributed to this surge, leading traders to speculate on further gains. As a result, we can expect increased interest and volatility in SOL, with potential spillover effects on Bitcoin and other altcoins.