Solana Price Rises Amid Whale Accumulation and ETF Demand

Solana's price has shown renewed strength after breaking above the $100 level following a recent pullback. According to analyst Ali Charts, this move could be the start of a larger uptrend, with Solana potentially reaching $150. The network has seen significant growth in new addresses, with 9.5 million added daily over the past week.

The increase in wallet activity is a positive sign for Solana's expansion across the blockchain ecosystem. Larger holders have also been accumulating SOL, with wallets holding at least 10,000 SOL growing by 1.58% and adding 52 new whale addresses. This increased demand among whales has contributed to the uptrend.

Institutional interest in Solana is also on the rise, with US spot SOL ETFs recording seven consecutive weeks of net inflows. More than 1.2 million SOL entered funds last week alone. However, the Solana price still faces resistance near $115 before potentially reaching Ali Charts' target of $150.

The technical indicators show mixed signals, but a sustained move above resistance could support the analyst's prediction. It remains to be seen whether buyers can maintain current levels and absorb selling pressure, or if the price will pull back toward $100 support.