Solana (SOL) Price: Analyst Says It’s “Just a Matter of Time” Before SOL Runs to $120
TLDR
- SOL is up 12% in the past 30 days, trading around $77
- Solana ETF inflows hit a two-week high, led by $5.83M into BSOL
- Dormant wallets returning to Solana DEXs surged 400% in one week
- Key resistance sits at $78; a break above $97.89 could open the door to $120–$130
- A MA crossover signal has appeared, suggesting buying pressure is building
Solana is up 12% over the past 30 days, making it the second best-performing asset in the top 5 by market cap. At press time, SOL was trading around $77 with daily volume at $1.61 billion.
Trading volumes have pulled back slightly from $2.2 billion to $1.7 billion after four straight days of green candles. The market appears to be taking a breather.
Solana ETF inflows turned positive this week, with investors putting $7.2 million into SOL-linked ETFs. The Bitwise Solana Staking ETF (BSOL) led activity, recording $5.83 million in inflows on July 21 — the highest single-day total in two weeks.
The following day, ETFs saw outflows of $1.27 million, roughly a quarter of the prior day’s inflows. Net inflows for July stand at nearly $12 million, compared to a $786,000 net outflow in June.
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