Analyst Predicts Solana Price Will Hit $150 This Month

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Analyst Predicts Solana Price Will Hit $150 This Month

Highlights

  • Solana’s monthly rally keeps the bullish $150 target within reach.
  • ETF inflows signal institutional demand despite recent weakness across funds.
  • Solana price must defend $100 before challenging $110, then breaking $120.

Solana price could reach $150 this month, according to an analyst expecting further gains for the cryptocurrency. SOL traded at $101.30 on September 1, falling 1.76% during the previous 24 hours.

In spite of that daily drop, the SOL price has risen by 5% in the past week and more than 40% in the last month. The rally moved Solana off the level near $80 and helped it move above the psychological $100 level.

The overall capitalization of all cryptocurrencies fell by 0.65% to $2.62 trillion, while investors reassessed the Federal Reserve’s policies.

Bitcoin price continued to sit at a price of less than $78,000, with Ethereum trading close to $2,430 and XRP hovering around $1.36. The pullback followed a 21.38% monthly market gain, suggesting traders were taking profits after the recovery.

The Fear and Greed Index ticked down from 80 to 74, as a sign of a slight reduction in speculative appetite. Buying pressure grew following market valuation, which had been giving a 66.4% chance of an interest-rate hike in September.

Analyst Predicts Solana Price Could Surge Toward $150

Crypto analyst Ali Martinez says Solana’s market structure is turning bullish, challenging traders who remain cautious about SOL. He feels that the current scenario may be followed by another big leap and advises market participants to act early. 

The analyst has labelled $150 as the next major price target for Solana should it continue to be bullish. His indications include that the technical condition may continue to improve which could lead to additional gains. But SOL needs to overcome near resistance levels first and hold onto its breakout.

Solana ETFs Attract $925K as Total Assets Reach $1.44 Billion

Solana exchange-traded funds attracted $925,010 in daily inflows on August 31, according to SoSoValue. The total value of the assets accounted for was $1.44 billion, which is 2.37% of the total market cap of Solana. 

Analyst Predicts Solana Price Will Hit $150 This Month
Source: SoSoValue data

The entire daily inflow was channeled to Fidelity’s FSOL, which saw no customer inflows in the previous day, a volume it failed to meet in today’s rally to become the most valuable fund in the crypto industry. 

A total of $1.34 billion has also been combined trading volume since the Bitcoin launch, reaching $67.55 million. During the latest trading session, all seven products ended down, between 1.44% and 2.71%.

Solana Price Analysis: Will SOL Hold $100 Level This Week?

The Relative Strength Index is sitting at 40.56 with the indicator above the oversold line of 30.

The MACD line is negative at -0.18, and the signal line is positive at 0.28.

The current -0.46 histogram indicates that short-term momentum is now pointing towards more consolidation or another test of the support area.

Analyst Predicts Solana Price Will Hit $150 This Month
SOL/USDT4-hour chart: TradingView

At present, the future Solana price outlook needs to bounce back from $110 and violate $120 for the $150 price zone to become technically viable.

If SOL price breaks above $120, a significant rise toward $130 could follow before it turns to $150. However, failure to hold $100 would prioritize the $95 target and delay the bullish outlook.

The immediate range is currently between $95 support and $110 resistance, while the center pivot is $100.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
AD
BestChange

Instant Currency Exchange at BestChange with Ease

  • Compare Rates Across 1000+ Exchanges
  • Access 250+ Cryptocurrencies & Pairs
  • Save Time with Real-Time Price Tracking
  • Trusted & Verified Exchange Listings
MemeToro

Frequently Asked Questions (FAQs)

1. Why could Solana reach $150 this month?

Analyst Ali Martinez believes Solana’s improving market structure could support another significant advance toward $150. SOL must first overcome $120.

2. Are Solana ETFs attracting investor demand?

Solana ETFs received $925,010 on August 31, with Fidelity’s FSOL collecting the entire inflow. Combined assets reached $1.44 billion.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

SOL

Solana

$105.4417 1.61% (24h)

24 Hours volume

$1.56B

Market Cap

$61.7B

Max Supply

NA

Buy $SOL with Binance
About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.