TLDR SOL is trading at $75.51, holding above the critical $73.50–$74 support zone. Analyst Michael van de Poppe says a $120 target stays valid if buyers defend this support. Solana ETF inflow
Solana (SOL) is trading at $75.51, down 1.48% over the past 24 hours. The token has a market capitalization of $43.92 billion and a 24-hour trading volume of $1.42 billion.
Despite the small pullback, SOL has held above a key support zone between $73.50 and $74. Traders are watching this range for signs of the next move.
The token broke out of a month-long downtrend after climbing above $75 last weekend. The rally stalled near $78 before giving back some of the gains.
Crypto analyst Michael van de Poppe said on X that SOL is building a series of higher lows, a pattern often tied to a bullish market structure. He pointed to the $73.50 to $74 zone as the level buyers need to defend.
Quite clearly you'd want to see $SOL continue to be printing higher lows.
In that regard, I think it's important to hold the $73.5-74 area for support.
If that happens, the targets to $120 remain intact. pic.twitter.com/yKALiRlAHF
— Michaël van de Poppe (@CryptoMichNL) August 11, 2026
According to van de Poppe, holding this range keeps the path toward $120 open. A breakdown below the zone would put pressure on the current setup and could hurt the bullish outlook.
The $72 to $74 area also lines up with the 50% Fibonacci retracement level, sometimes called the golden zone. This level has acted as a turning point during past pullbacks.
If buyers defend this zone with strong spot demand, analysts say SOL could aim for $83 next. That price also matches the 200-day moving average, a level traders watch for trend direction.
Data shared by Santiment Intelligence on X showed Solana ETFs took in $8.8 million in net inflows on August 10. This marks the highest daily inflow figure since May 12.
Solana just saw $8.8M in daily net ETF inflows. That’s the strongest amount of money moving into ETF’s since May 12th, after several quiet sessions with little movement the past 3 months.
Solana’s RWA value, stablecoin supply, tokenized equity volume, and perps activity… pic.twitter.com/ZwN9pbJAeb
— Santiment Intelligence (@SantimentData) August 11, 2026
The inflow figure stood out because Bitcoin and Ethereum ETFs recorded net outflows the same day. Solana ETF demand has stayed positive through the third quarter, though at a lower pace than in Q2.
Separate data from Nansen showed smart money wallets increased their SOL holdings by 42% over the past week. Top addresses also raised their bids by 15% over the same period.
The rise in wallet activity points to growing interest from larger, more experienced traders. This lined up with the increase in ETF inflows during the same week.
Beyond price and flows, the Solana network has continued to expand. Stablecoin supply, tokenized equity transactions, and perpetual futures activity have all grown on the network.
Solana Price on CoinGeckoThe Alpenglow upgrade is targeting 150 millisecond finality for transactions. Agave 4.2, another planned upgrade, is nearing mainnet deployment.
The xStocks platform has also made tokenized equity trading more accessible on Solana. These developments are running alongside the price action rather than driving it directly.
Bitcoin’s price has moved lower in recent sessions, which has weighed on the broader altcoin market. SOL price action has stayed mostly range-bound as a result.
Traders are also watching upcoming U.S. inflation data and Fed rate decisions this quarter. Both events could affect whether institutional demand for SOL ETFs continues at its current pace.
As of this writing, Solana is trading at $75.51 with support holding near $74. The $8.8 million ETF inflow on August 10 remains the most recent data point tracked by analysts.
The post Solana (SOL) Price: Analyst Michael van de Poppe Eyes $120 Target appeared first on Blockonomi.
