- Ali Charts targets $150 after Solana price recovery above $100.
- Solana records 9.5 million new addresses daily over the past week.
- Spot SOL ETFs record seven straight weeks of inflows.
Solana price is showing renewed strength after recovering above the $100 level following a pullback from recent highs. Analyst Ali Charts identified a potential move toward $150 as network activity, whale accumulation, and institutional demand continue expanding. SOL has recovered strongly from its June low near $60.66.
Solana Price Gains Support From Network Expansion
Ali Charts reported that Solana price declined 8.31% from $110.50 to $100.40 since August 26. However, the network recorded strong growth during the same period.
Solana averaged about 9.5 million new addresses per day over the past week. The increase in wallet activity signals continued expansion across the blockchain ecosystem.
Demand has also increased among larger holders. Wallets holding at least 10,000 SOL grew by 1.58%, adding 52 new whale addresses.
Meanwhile, institutional interest continues to support the Solana price outlook. US spot SOL ETFs have recorded seven consecutive weeks of net inflows, with more than 1.2 million SOL entering funds last week.
Solana Price Faces $115 Resistance Before $150 Target
The Solana price structure has improved after breaking above key levels. However, the asset now faces resistance near $115, which could determine the next market direction.
Technical indicators show mixed signals. The MACD suggests buying momentum has slowed, while moving averages approach a potential golden cross formation.
SOL is trading near the 0.5 Fibonacci level around $104.50. A rejection from this zone could push the price back toward $100 support.
Analysts are watching whether buyers can maintain current levels and absorb selling pressure. A sustained move above resistance could support Ali Charts’ $150 target.
The combination of network growth, whale accumulation, and ETF demand continues to shape Solana’s price outlook as traders watch for the next breakout attempt.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
