Is Solana (SOL) a $150 Rally Imminent? Experts Signal 'Buy' Amid 11 Consecutive Weeks of ETF Net Inflows

▲ Solana (SOL)/AI generated image ©

Amid Solana (SOL)'s swift recovery from breaching the $100 mark, a forecast suggests it could rise to $150, citing 11 consecutive weeks of spot ETF net inflows, reduced exchange supply, and network growth. Although SOL has already surged by approximately 92% since its early June low, on-chain analyst Ali Martinez analyzed that conditions are forming to support a further breakout as institutional demand continues.

According to crypto media outlet Finbold on September 29 (local time), SOL briefly fell below $100 in mid-September as expectations for the early passage of the CLARITY Act weakened, but it quickly rebounded thereafter. On-chain analyst Ali Martinez reiterated his earlier forecast that Solana's breakout is imminent via X (formerly Twitter) today, citing 11 consecutive weeks of net inflows into SOL spot ETFs as a key reason. This indicates that institutional investors are continuously absorbing SOL supplied to the market.

Martinez had previously presented four key indicators supporting Solana's strong rise on the 15th. His analysis showed that along with spot ETF inflows since mid-June, the supply of SOL on exchanges has decreased, and the network is growing. In particular, the fact that Solana's network recorded a record high of 12 million new addresses on the 11th was also cited as a factor supporting the bullish outlook.

In terms of price, strong support around $100 was noted. SOL temporarily broke this price level in mid-September but quickly recovered. Martinez assessed that this movement supports his previous analysis that the price correction would not last long. The combination of spot ETF demand, reduced exchange supply, network expansion, and support around $100 increases the possibility of a rise towards $150 in the future.

SOL has already been on a gradual upward trend since early June. After falling to around $62 in early June, it rose by about 30% over 30 days, and after a limited correction, it surged again by 45% during the last 10 days of August. In the latter half of September, it rose by approximately 23%, continuing its upward trend based on spot ETF inflows.

The total increase since June 7 is approximately 92%, which translates to about $60 in price. As of the time of writing, SOL was trading at $119.84, narrowing the gap with its early 2026 price to about $5. While further gains from current levels are needed to reach Martinez's target price of $150, he cited 11 consecutive weeks of ETF net inflows, reduced supply, and network growth as reasons for a potential further rally.

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