Solana Bulls Eye $160 as Institutional Demand and Alpenglow Upgrade Boost Price

Solana's price has been on the rise due to institutional demand and altcoin rotation. The network has seen spot ETF inflows of $47.3 million on September 18, with over $360 million in net inflows over the past ten weeks.

The reduced sell pressure is evident from the 3 million SOL tokens withdrawn from exchanges in the past month. This has contributed to strong user growth, with 12.5 million new Solana addresses created on September 18 and around 11 million daily.

If Solana can hold onto its $115 support zone, several market signals indicate a potential target of $160. The upcoming Alpenglow mainnet upgrade on September 28 promises faster finality and increased fault tolerance, further supporting this prediction.