Solana Price Stabilizes at $120 as ETF Inflows Reach Record High

Solana's price has stabilized around $120, holding onto key support zones. This price action coincided with a broader cryptocurrency market rally that saw total market capitalization increase by 1.11% to $2.9 trillion over a 24-hour period.

The Solana (SOL) price hovered near the $125 mark during the previous week's session, but retreated slightly on Tuesday. Meanwhile, US-based spot Solana ETFs have recorded positive inflows for 11 consecutive weeks, with analyst Ali Charts projecting a potential climb to $150 for SOL.

The ETF capital inflows reached $188.21 million last week, marking the highest in nearly a year. This influx of funds has accumulated approximately 4.37 million SOL tokens, worth around $450 million, since July 13.