Solana Jumps Above $112 as ETF Volume Tops $85M — $150 Target? 🌐
Solana ($SOL)** rose to $112, gaining about 11% in a day and marking its highest level since January. Bitwise's Solana staking ETF, BSOL, also rose 12.04% to $15.54, with trading volume already reaching $85 million**.
🔥 Why This Move Matters
SOL has broken a 10-month downtrend, posting its first green monthly candle since late 2025 and rising 34.8% over 30 days from around $60. The reversal is supported by $348 million in real-world asset (RWA) inflows over the past 30 days, as tokenized products from issuers including BlackRock, Franklin Templeton, and Apollo expanded on the network. Analyst 0xSweep projects a fresh daily golden cross could push SOL above $150 by the end of October.
🌐 Market Context
Derivatives indicators strengthened, with futures open interest near $7 billion** and $38.21 million in liquidations — 96% from short positions. Futures trading volume was about $12.14 billion**, while spot volume was $1.49 billion, showing leverage played a significant role. The Solana Foundation also announced Project Harmonia, connecting Solana to Allfunds, the world's largest fund distribution network, linking over 3,300 asset managers and overseeing about €1.9 trillion in assets.
👀 What To Watch
· SOL holding above $105 near-term support
· The $100–$120 zone as the key hurdle for confirming the bullish reversal
· RWA inflows and institutional adoption
· ETF and staking inflows
· Bitcoin's movement and overall market direction
· Futures open interest and funding rates
Final thought:
Solana's reversal from a 10-month downtrend is gaining real fundamental backing through RWA inflows and institutional partnerships. Whether it can reach $150 depends on sustained demand beyond the current leverage-driven rally.
DYOR — Learn first, act responsibly. 🚀
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