{"id":618641,"date":"2026-07-23T12:30:57","date_gmt":"2026-07-23T16:30:57","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=618641"},"modified":"2026-07-23T08:23:40","modified_gmt":"2026-07-23T12:23:40","slug":"solana-price-prediction-three-reasons-why-sol-could-hit-120","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/solana-price-prediction-three-reasons-why-sol-could-hit-120\/","title":{"rendered":"Solana price prediction: THREE reasons why SOL could hit $120"},"content":{"rendered":"

Solana [SOL] is slowly forming a bullish structure but remains below the most recent lower high at $97. At press time, the altcoin was trading at around $77, but SOL’s daily volume had surged to $1.61 billion.<\/p>\n

Notably, a crypto analyst predicted that capital inflows and on-chain activity were starting to support SOL’s potential rise toward $120.<\/p>\n

Solana ETFs turn positive as dormant wallets return<\/strong><\/h2>\n

Capital inflows came from Solana<\/a> ETFs, which recorded the highest daily inflows in two weeks. The Bitwise Solana Staking ETF [BSOL] led the inflows with about 75,714 SOL worth $5.83 million, and it was the only ETF that recorded any activity on the 21st of July.<\/p>\n

However, the positive net inflow did not last. The following day, Solana ETFs recorded outflows of 16.4K SOL worth $1.27 million, less than a quarter of the more than 75K BSOL purchased earlier. <\/span><\/p>\n

\"SolanaSOL\"<\/a>
Source: Solana Floor<\/figcaption><\/figure>\n

The daily volume of Solana ETFs traded was $54.47 million, with all assets under management nearing $1 billion. In fact, Solana and Hyperliquid ETFs account for nearly 80% of non-BTC\/ETH ETF volume.<\/p>\n

Additionally, dormant wallets returning to Solana DEXs surged to 62K last week, up from below 20K. This was equivalent to a 400% increase from the previous week. This was the highest number of returning users in a period of more than a year.<\/p>\n

\"SolanaSOL\"<\/a>
Source: Dune<\/figcaption><\/figure>\n

As Solana ETFs hit a two-week high and dormant wallets return, it hints at shifting market sentiment.<\/p>\n

Can SOL break out and surge into the $120-$130 zone?<\/strong><\/h2>\n

The price charts showed Solana was forming a base at $75 after sweeping liquidity below this level. The altcoin has returned to the consolidation between $75 and $97, but the upper resistance remains a key challenge.<\/p>\n

However, the signs of a potential breakout toward $120-$130<\/a> are emerging as a Moving Average (MA) cross occurred with the fast\u2011moving MA rising above the slower MA.\u00a0<\/span>Moreover, these targets depend on a bullish breakout in the coming weeks.<\/p>\n

\"SolanaSOL\"<\/a>
Source: SOL\/USDT from Michael van de Poppe<\/figcaption><\/figure>\n

Therefore, Solana is expected to turn bullish structurally if it can close above $97.89. At press time, the RSI was supportive of the prediction as it traded above the neutral level, indicating buying pressure.<\/p>\n

Otherwise, SOL is still bearish even though it reclaimed the most important level at $75.<\/p>\n

\n

Final Summary<\/h2>\n
    \n
  • Solana ETFs’ inflows turned positive after $5.83 million was bought, and returning dormant wallets surged 400% in a week.<\/em><\/li>\n
  • Traders are eyeing SOL to reach the $120-$130 zone but only if it breaks out of the range and stays above $97.\u00a0<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Why Solana’s price action has the potential to surge past $120 in the coming weeks. <\/p>\n","protected":false},"author":98,"featured_media":618650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[41,18,66,4,20],"tags":[],"class_list":["post-618641","post","type-post","status-publish","format-standard","has-post-thumbnail","category-analysis","category-hide-cryptopanic","category-new-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nSolana price prediction: THREE reasons why SOL could hit $120 - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Why Solana's price action has the potential to surge past $120 in the coming weeks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/solana-price-prediction-three-reasons-why-sol-could-hit-120\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana price prediction: THREE reasons why SOL could hit $120 - 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