Solana Price Prediction: Analysts Eye Breakout Above $100
Market analysts have turned bullish on Solana's price prediction as traders watch for a possible breakout above $100. According to SoSoValue data, US spot Solana ETFs recorded $1.58 million in daily net inflows on August 18, lifting cumulative net inflows to $1.16 billion.
The SOL price could target $295 or $400 if Solana confirms a wider bullish move. Analyst Ali Charts believes that the token is preparing for a bullish breakout and has been slowly accumulating SOL through dollar-cost averaging. His planned buying range is between $40 and $70, but he's currently holding above that accumulation range at $77.18.
A firm break above the $100 level could support the view that recent weakness has ended, although it would not guarantee a sustained rally. Ali Charts also gave $400 as another long-term target, representing roughly 430% upside from the current price.