Solana Sees Fresh Growth as Analyst Targets $150
Solana's price prediction has been made by analyst Ali Martinez, who sees the cryptocurrency reaching $150. The Solana price currently stands at $103.69 after losing 3.4% in the past 24 hours.
Martinez's forecast is based on several factors, including network expansion, whale accumulation, ETF inflows, and a decline in exchange supply. He noted that wallets holding at least 10,000 SOL rose by 1.58%, adding to the bullish signal. This growth was accompanied by an increase in large-wallet activity, with 52 new wallets meeting the balance threshold.
The Solana network has seen sustained expansion, averaging 9.5 million new addresses daily over the past week. Martinez described this growth as an adoption measure that historically precedes major rallies. In addition, U.S. spot SOL ETFs recorded seven consecutive weeks of net inflows, attracting more than 1.2 million SOL during the latest week.
A notable development is the decline in exchange balances while ETF demand continues to rise. Solana held on trading platforms fell by 4.91% over the past week, with around 2.6 million SOL tokens leaving exchanges during the same period. Martinez said this indicates rising demand and potentially less immediate sell-side supply.