SOL Soars: Franklin Templeton ETF Filing Ignites $142-$188 Price Target Frenzy

Wall Street giant makes crypto move that could reshape Solana's trajectory

The Institutional Stampede Begins

Franklin Templeton just dropped the paperwork that could send SOL into orbit. Their ETF filing represents the kind of institutional validation that transforms altcoin narratives overnight. Suddenly, every portfolio manager who dismissed Solana as 'just another blockchain' is scrambling to understand the technology.

Price Targets That Demand Attention

Analysts are circling $142 to $188 like sharks sensing blood in the water. These aren't random numbers—they represent key technical levels that could either become springboards or resistance walls. The market's pricing in the approval before the ink's even dry on the application.

Regulatory Chess Match

Watch the SEC's next move closely. They've been playing regulatory whack-a-mole with crypto ETFs, but Franklin Templeton brings the kind of establishment credibility that's harder to ignore. It's the financial equivalent of your straight-laced uncle suddenly showing up at the rave.

The real question isn't whether institutions want in—it's why they waited this long to realize what crypto natives knew years ago. Sometimes Wall Street's 'due diligence' looks an awful lot like being fashionably late to the party.

Solana Technicals Signals a Short-Term Relief

The SOL price chart on a weekly timeframe reveals that the price touched the peak levels of $200-$250 in the latter part of 2024 and the middle of 2025, respectively, and has subsequently plummeted to test the lower Bollinger Band at $128.6. The latest formation has depicted a minor rally to $136.37, whereas the mid-level Bollinger Band at $188.8 suggests the weekly trend remains downward.

Source: TradingView

The RSI stands at 39.69, which is lower than the 50-level, suggesting the asset could be nearing an oversold situation and the selling momentum could slow. There could be some kind of short-term consolidation or minor pullback, but the dominant trend remains negative, as the price remains beneath the mid-Bollinger Band. Key levels to watch WOULD be the $128 support or a break beyond $188.8.

Solana Eyes $142 Amid Heavy Token Accumulation

Moreover, the crypto analyst, Ali, noted that Solana (SOL) faces strong resistance at $142, where it appears that approximately 13 million SOLs have accumulated in the past, according to on-chain data. The $142 price level represents a critical battlefront between bulls and bears, and the resultant effect may be an obstacle in the path of further gains.

Source: Ali

A firm rejection at $142 could cause a pullback to other lower support levels, and a major break could provide an entry point towards further gains. Analysts explain that large token groupings, such as this, tend to have an effect on the short-term price action. Traders are closely watching Solana’s actions.

Also Read: Solana (SOL) Shows Bullish Momentum $200 and $500 Price Targets in Sight