Solana Price Eyes $120 Target as Support Zone Holds Strong

Solana's price has continued to hold above the critical $73.50-$74 support zone, according to analyst Michael van de Poppe.

Van de Poppe noted that if buyers defend this range with strong spot demand, SOL could aim for a target of $120. He emphasized the importance of holding onto this level, saying 'if that happens, the targets to $120 remain intact.'

The recent uptick in Solana's price comes as ETF inflows reached their highest since May 12, at $8.8 million on August 10.

Furthermore, smart money wallets increased their SOL holdings by 42% over the past week, according to data from Nansen.