Solana Price Holds Firm as US Spot ETFs See Strongest Inflows in 10 Months
Solana's price has remained near $120, holding above key support levels. This comes as US spot Solana ETFs logged their strongest weekly inflows in 10 months.
The funds have accumulated about 4.37 million SOL since July 13, with a total value of around $450 million. Analyst Ali Charts notes this marks 11 consecutive weeks of net inflows, pointing to ongoing institutional demand for Solana.
Charts set a target price of $150 for SOL on X, citing the potential for further growth given the funds' strong performance. Meanwhile, weekly ETF inflows reached $188.21 million, with Bitwise's BSOL leading the way at $128.46 million.