Solana Price Eyes $160 as Institutional Investors Fuel Bullish Momentum
Solana’s price is primed for a potential surge to $160, despite recent struggles to break past the $138 resistance. Growing institutional support is boosting confidence in the altcoin, making a rally more likely.
Institutional interest in Solana is heating up again after a sluggish August. In September alone, over $9.7 million has flowed into SOL, including $3.8 million in the week ending September 13. This influx shows renewed faith in Solana’s long-term potential and could power its next big move.
These investments provide stability and could fuel further price gains, especially as larger investors continue to accumulate SOL. Institutional backing is often a strong driver for price growth.
Solana’s macro indicators are also looking up. The Chaikin Money Flow (CMF) has hit its highest level in 6 weeks, signaling rising buying pressure. This shift toward positive netflows, largely driven by institutional activity, suggests a potential trend reversal for SOL.
If Solana can break through the $138 barrier, it could quickly target $155 and $160. However, failure to breach this level could see SOL drop to $124 or $120, putting its bullish momentum at risk.
