SOL Eyes $120 as Analyst Predicts Major Breakout Ahead

• Solana ETF inflows and returning wallets signal growing investor confidence.
• Analysts target $120 if SOL breaks key resistance above $97.89.
• Bullish technical indicators support further upside despite macroeconomic uncertainty.

Solana — SOL, has quietly regained momentum after several difficult months. Strong price action, improving ETF demand, and rising network activity have placed SOL back on many investors' watchlists. While broader crypto markets remain cautious, several on-chain signals suggest confidence continues returning. Analysts now believe another major move could develop if key resistance levels finally give way. The next few weeks may determine whether Solana extends recent gains or returns to consolidation.

ETF Demand and Network Activity Support the Bullish Case

SOL has gained 12% during the past 30 days. That performance ranks among the strongest across the largest cryptocurrencies. SOL traded near $77 at publication, while daily trading volume reached about $1.61 billion. Trading activity has cooled slightly after four straight bullish sessions. Daily volume dropped from roughly $2.2 billion to around $1.7 billion.

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