Solana analyst eyes $150 target after 11 weeks of ETF inflows

What happened

Solana held above $120 while analyst Ali Charts set a $150 upside target, pointing to 11 straight weeks of net inflows into US spot Solana ETFs. The analyst said the funds acquired roughly 4.37 million SOL since July 13, worth about $450 million. He cited the inflow streak as a sign of sustained interest in the token.

The inflow run continued in the week ending September 27, when the funds drew $188.21 million, which SolanaFloor called the strongest weekly reading in 10 months. Bitwise's BSOL led with $128.46 million, Grayscale's GSOL added $28.06 million, and Fidelity's FSOL collected $17.59 million. SoSoValue data showed another $12.70 million of net inflows on September 28.

Cumulative net inflows across the funds reached $1.62 billion, and total net assets stood at $1.93 billion, equal to 2.76% of Solana's market capitalization. The SOL price rose to $121.23 on September 29, extending a recovery from below $100 earlier in the month. The four-hour RSI stood at 55.99, but the MACD line stayed below its signal line, leaving a move through $125 unconfirmed.

Why it matters

ETF buying can tighten the supply of SOL, but the token also responds to broader market swings. The analyst's $150 forecast depends on demand continuing, and a lasting move toward that level would need more than one strong week. The wider crypto market was up 1.11% to $2.9 trillion in 24 hours, with Bitcoin near $84,000 and Ethereum above $2,700.

Solana also led weekly spot trading in tokenized commodities for the first time, a sign that activity beyond ETF flows is broadening. Its decentralized exchanges processed $91.1 million from September 21 to 27, which was 28% of the combined $322.7 million market. Robinhood Chain ranked second with $81.3 million, about 25%, while Canton recorded $67.4 million and Ethereum $62.6 million.

What the data shows

Investment vehicles tracking Solana in the United States have now recorded 11 consecutive weeks of positive net inflows. According to analyst Ali Charts, the funds have accumulated approximately 4.37 million SOL tokens beginning July 13. His 11-week calculation extends through September 25, and the most recent trading week was still in progress at the time of his analysis.

DeFi Development Corp disclosed it acquired roughly 47,706 SOL since September 21, bringing its total position to about 2.54 million SOL. Total stablecoin supply on Solana reached $17.3 billion as of September 25, though DefiLlama placed the figure lower at approximately $16.37 billion.

What is still unclear

• The MACD remained below its signal line, so a move through $125 is not confirmed.
• The $150 target depends on ETF demand continuing, and a lasting move would need more than one strong week.
• The 11-week streak extends through September 25, while the most recent trading week was still in progress at the time of the analyst's analysis.
• Solana held above its $116 support zone as the price hovered around $120.
• If price drops below $120, the cited support levels are $115 and $110.

Questions readers ask