Solana (SOL) is maintaining a bullish structure as buyers defend key support and continue to build higher lows. Rising institutional interest and renewed ETF demand are strengthening sentiment, while ongoing ecosystem growth, network upgrades, stablecoin expansion, and tokenization developments continue to support Solana’s long-term growth outlook. Those developments matter because they show the token is being followed not just for price action, but also for on-chain activity and product progress that market participants often track when assessing network momentum.

At the time of writing, SOL is trading at $75.51, with a 24-hour trading volume of $1.42 billion and a market capitalization of $43.92 billion. Despite a 1.48% decline over the last 24 hours, the SOL price structure and network growth point to a potential bullish reversal ahead.

Source: CoinMarketCap

Also Read: Solana (SOL) Targets $97.50 After Wedge Breakout and Whale Accumulation

Solana Price Eyes $120 as $74 Support Holds

According to crypto analyst Michael van de Poppe, SOL is maintaining a potentially bullish market structure as buyers attempt to establish a series of higher lows.

Analysts are watching the $73.5–$74 region closely, as this zone could provide crucial support for the ongoing recovery. Holding above this area would help preserve bullish momentum and keep the broader upside structure intact.

Source: Michael van de Poppe’s X Post

“In case SOL is able to defend the range of $73.5-$74 as a support, then there are no changes in the prospects of rising to $120. A good bounce from this support will mean that the market is still bullish. On the other hand, if this support breaks down, then there will be some negative pressure on the current formation.”

Solana Gains Momentum as ETF Inflows Reach $8.8M

Data from Santiment Intelligence also highlighted a rise in institutional appetite, with $8.8 million in net inflows into the ETF per day. That marks the highest level since May 12.

The development follows a series of muted periods, when no significant ETF activity had been observed. Santiment suggested that the change could reflect improving fundamentals in the Solana network, which helps explain why traders and observers are paying attention to both fund flows and network updates at the same time.

Source: Santiment Intelligence’s X Post

Beyond ETF flows, the Solana network continues to expand across several key areas. The real-world asset market, stablecoin supply, tokenized equity transactions, and perpetual futures transactions have all crossed significant milestones.

Meanwhile, Alpenglow is aiming to reach 150 ms finality, Agave 4.2 is moving closer to mainnet deployment, and xStocks has made tokenized equity easier to access.

Despite the bullish price forecasts and ETF inflows, SOL remains in neutral territory. The broader crypto market has also weakened, with Bitcoin prices moving lower and weighing on altcoins.

What Happens Next for Solana?

SOL’s next move will likely depend on whether it can hold the $73.5–$74 support zone.

If that range continues to hold, it could attract new buyers and improve the odds of Solana reaching $120 as ETF interest rises. Network upgrades, stablecoin growth, and tokenization activity could provide additional support, while market participants will also be watching whether the recent ETF inflow trend continues after a previously quiet period.

Also Read: Solana Price Holds $74.50 as $38M Whale Long Emerges

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.