Solana trades at $121.17, up 26.38% over the past month, as institutional inflows, falling exchange supply, and network growth push analysts to eye $160 next. The September 28 Alpenglow mainnet upgrade could add further momentum by sharply cutting transaction times.
Solana (SOL) has climbed to $121.17, up 3.55% on the day and 26.38% over the past month. The rally follows sustained institutional buying, rising on-chain activity, and a market-wide rotation into altcoins.
Institutional demand keeps building
Solana spot ETFs have pulled in steady inflows, including a $47.3 million influx on September 18. The past ten weeks have recorded consecutive net inflows worth over $360 million.
Meanwhile, coins are leaving exchanges. More than 3 million SOL tokens have been withdrawn from exchanges in the past month, cutting sell-side pressure. Network usage is climbing too: on September 18, Solana recorded a high of 12.5 million new addresses, and the network continues to create roughly 11 million new addresses per day.
The path to $160
For the rally to continue, Solana must first hold the $115 support zone, where 26 million coins previously changed hands. From there, the $124 to $130 resistance zone stands in the way, followed by $144 before $160 comes into range.
The September 28 Alpenglow launch on mainnet could add fuel to that move. The upgrade would cut transaction finality from 12.8 seconds to 100 to 150 milliseconds and increase fault tolerance by 40%, reducing the chances of network downtime from malicious or offline validators.
Achieving $160 in the near term seems plausible, especially with the Alpenglow launch on mainnet.
Source: Coinpedia Fintech News
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