Solana's Price Momentum Continues to Accelerate Amid Growing Investor Confidence

After several months of difficult trading conditions, Solana's SOL has regained momentum. The price action is improving, and investors are showing renewed confidence in the asset.

The Bitwise Solana Staking ETF attracted $7.2 million in fresh inflows this week, with $5.83 million entering the fund on July 21. This marked the strongest single-day performance in two weeks.

Crypto analyst Michaël van de Poppe believes another major move could develop if key resistance levels finally give way. Van de Poppe predicts that SOL will break out and reach a target of $120, as it 'just a matter of time' for the asset to accelerate towards this level.