Solana gains 10% in a week as ETF inflows build: can SOL break $150 next?

The token reached the $120 short-term target after breaking out of a bullish flag, although profit-taking has since pulled it back from that resistance area.

Despite the retreat, improving institutional flows, expanding futures-market participation and rising network fees suggest that Solana’s broader recovery remains intact.

If buyers successfully defend nearby support, $SOL could begin another advance toward the $145-$150 region.

$SOL pulls back after reaching $120

Solana’s rally accelerated after its price broke above a bullish flag pattern.

This continuation structure usually develops when an asset consolidates after a strong upward move before resuming its prevailing trend.

The breakout quickly carried $SOL toward $120, fulfilling the pattern’s initial target. However, sellers emerged near that level, prompting a broader pullback as traders secured profits.

The decline has occurred alongside increased volatility across the cryptocurrency market.

More than $500 million in leveraged long positions were liquidated throughout the wider futures market over the past 48 hours as prices fell sharply.

Such liquidation events can deepen short-term declines because exchanges automatically close leveraged positions when traders can no longer meet margin requirements.

Nevertheless, these resets can also reduce excessive leverage and create a healthier foundation for another rally if demand remains strong.

Interest in Solana futures has continued to rebuild despite the market’s recent volatility. CoinGlass data shows that $SOL open interest rose from a recent low of $5.9 billion on September 17 to approximately $6.92 billion.

Open interest measures the total value of outstanding derivatives contracts that have not been settled. Its recovery shows that traders are returning to the $SOL futures market and taking on new positions.

However, rising open interest is not inherently bullish because it includes both long and short contracts. Its directional significance depends on other factors, including funding rates, liquidations, and price action.

In this case, the increase alongside $SOL’s weekly advance indicates greater speculative participation as traders position for the next move.

Institutional demand provides another positive signal. According to CoinGlass, Solana-linked exchange-traded funds have recorded net inflows for eight consecutive trading days.

Approximately $130 million entered the products during that period, indicating sustained investor demand rather than a single unusually strong session.

Consistent ETF inflows can support an asset’s price by creating underlying buying activity through regulated investment vehicles.

Solana’s improving fundamentals extend beyond financial markets.

Application fees on the network have increased steadily for nine weeks, indicating greater activity across decentralized finance protocols, trading platforms and memecoin launchpads.

During the second week of September, Solana applications collected more than $100 million in fees. That marked the first weekly reading above this threshold since September 2025, when $SOL traded above $200.

Pump.fun has been a major contributor to this growth.

The platform generated approximately $161 million in fees over the past 30 days, around four times the amount collected by Axiom, its closest competitor by fee revenue during the period.

Solana application fees also approached current levels between January and February 2026, when $SOL traded near $140.

Can Solana rally toward $150?

The first potential support level for $SOL is near $113, an area that previously attracted demand on shorter time frames. A rebound there would suggest that buyers remain willing to enter on relatively shallow pullbacks.

The stronger support zone sits between $107 and $110. This region could become the most likely destination if the correction deepens over the coming sessions.

A decisive bounce from $107-$110 would preserve Solana’s bullish market structure and create a potential base for another advance. In that scenario, the next major upside target would sit between $145 and $150.

A rally from roughly $116 to the upper end of that range would represent an increase of around 30%. Conversely, a sustained break below $107 would weaken the bullish setup and raise the probability of a deeper correction.

For now, growing application fees, eight consecutive days of ETF inflows, and recovering futures participation support Solana’s outlook.

Holding the $107-$113 region could provide the confirmation needed for $SOL to begin its next move toward $150.