Markets
Solana Price Falls Toward $118 as Analysts Keep $150 in Focus
Analysts are watching $150 as a potential upside target if Solana price regains momentum and clears the $125 resistance zone.
BLOCKINSIDERLoadingAnalysts are watching $150 as a potential upside target if Solana price regains momentum and clears the $125 resistance zone.
Solana price slipped toward $118 on September 29 after sellers rejected the token near $125. The pullback came despite another strong week for U.S. spot Solana ETFs.
The fund recorded $188.21 million in net inflows from September 21 through September 25. This marked its largest weekly inflow since launch, with every tracked fund posting gains.
The recent SOL price move started losing momentum near $125. SOL had fallen back toward $118 after breaking below its rising trendline.
The Solana price structure therefore remains tied closely to the $118 region. A recovery above $120 would put the recent rejection zone back into view.
For now, traders are watching whether the correction can stabilize without extending toward lower support levels.
While the SOL price pulled lower, the institutional demand continued through exchange-traded products. U.S. spot Solana ETFs attracted $188.21 million during the week ending September 25. That was the strongest weekly inflow since these products launched.
Bitwise’s BSOL accounted for $128.46 million of the total. That represented about 68% of weekly inflows across the seven tracked funds. Friday alone brought roughly $86.67 million into the group.
The Solana ETF streak has now reached 13 consecutive weeks. SoSoValue data showed cumulative net inflows had reached roughly $1.61 billion. The funds held about $1.96 billion in net assets at the latest reading.
Those numbers show that the recent price correction has occurred alongside continued ETF accumulation. They do not establish that ETF buying will determine the next Solana price move.
The $150 level sits well above the current market. It has nonetheless remained part of recent technical discussions surrounding SOL. Reclaiming the $125 region would strengthen the recovery structure. That analysis also kept the broader $150 area in view if momentum returns.
The gap is substantial from the current SOL price near $118. A move to $150 would require SOL to clear the $125 zone first. That makes $125 the more immediate reference point for the market.
SOL first needs to regain lost ground before a larger target becomes relevant.
The ETF market is not the only place drawing attention to Solana. Block Insider recently examined whether Solana could eventually challenge Ethereum’s market position.
Multicoin Capital co-founder Kyle Samani argued that SOL could overtake ETH this cycle. The counterargument pointed to Ethereum’s roughly $54 billion DeFi base and $146 billion stablecoin supply.
That debate gives the current Solana price move a broader backdrop. The network is attracting attention from both institutional products and long-term investors. Yet market value remains very different between the two chains.
Solana also appeared in recent altcoin market coverage as broader gains spread across the sector. Block Insider reported strong performances across several major tokens during the latest recovery. Wider rotation helps explain the renewed focus on SOL. Still, Solana has its own price structure to resolve.
For now, the Solana price is near $118 after failing to hold the $125 area. The SOL price has momentum to rebuild, while ETF demand remains unusually consistent.
The Solana ETF market has extended its inflow streak for 13 weeks. That leaves the market with two clear data points but no confirmed outcome.
A sustained recovery above $125 would put $150 back into sharper focus. Until then, the Solana price remains caught between strong institutional flows and a near-term technical pullback.
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