SOL bounced from $117.60, but $120.25 remains the first level to reclaim.
Ali Charts reported 11 straight weeks of spot Solana ETF inflows.
September 30 inflation data could influence the next move.
Solana price traded at $119.28 on September 29, up 0.79% in 24 hours and trailing Bitcoin’s 1.31% gain. The token bounced after sliding from around $123.40 to $117.60, but has yet to recover to $120.25. ETF inflows and network activity support the longer-term outlook, while Wednesday’s inflation report sets the next near-term test.
Solana Price Finds Demand From ETFs and Corporate Treasuries
Ali Charts said U.S. spot Solana ETFs accumulated roughly 4.37 million SOL since July 13. The funds recorded 11 consecutive weeks of net inflows, according to his tally. His $150 Solana price target depends on a stronger recovery through nearby resistance.
SOLANA BREAKOUT INCOMING
US Spot Solana ETFs have accumulated roughly 4.37 million $SOL, worth around $450 million, since July 13.
That marks 11 consecutive weeks of net inflows.
With institutional demand continuing to absorb Solana, I’m watching for the next leg higher toward… https://t.co/MFkzEsSE1U pic.twitter.com/t326pdjRTh
— Ali Charts (@alicharts) September 29, 2026
Corporate accumulation provides another demand signal. DeFi Development Corp. reported adding 47,706 SOL since September 21. Its treasury reached about 2.538 million SOL and equivalents, up 10% since August 12.
SolanaFloor reported $49.9 million in app revenue last week, its highest weekly total since mid-2025. The account also cited more than 800 million successful non-vote transactions, a second consecutive weekly record. Those figures add network context to the Solana price outlook, though they do not explain Tuesday’s bounce on their own.
Key Price Levels Before September 30 PCE Inflation Data
Analyst Ella described the move from $117.60 as a relief bounce after SOL’s decline from $123.40. She said the Solana price must reclaim $120.25 before $121.50 to $122 comes into view.
Solana had a rough session today. Price traded near $123.4 then dropped into $117.6 before buyers finally showed up
That bounce has brought $SOL back toward $119.9, but I wouldn’t call it strong yet. The first level I want to see reclaimed is $120.25. Get back above it and… pic.twitter.com/urLc8uzZlT
— 𝗘𝗹𝗹𝗮 (@Ellaweb_3) September 29, 2026
A break above that area could open a retest of $123.40. Traders would need to clear those nearer levels before assessing the $150 target.
The 50% Fibonacci level at $118.85 is the first checkpoint below the current quote. If the Solana price slips beneath $117.50, attention shifts to the $116.53 swing low. Ella’s $116.50 downside marker sits in virtually the same support area.
The U.S. Bureau of Economic Analysis will release August PCE inflation data on September 30 at 8:30 a.m. EDT.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
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