Solana Price Prediction: SOL Hits $100 as Bitwise ETF Volumes Hit All Time High
Solana hit $100 on August 25 as institutional buying of SOL continued and volumes for Bitwise‘s SOL staking ETFs hit record highs. Participation across the ecosystem has been growing with fund inflows, derivatives, whale buying, and DEX volumes all increasing. With a 32% surge since August 19, traders have their eyes on whether Solana can maintain the $100 support level and aim for higher resistance levels.
Institutional Demand Drives Solana’s Recent Recovery
Solana’s rally has benefitted immensely from institutional demand. In his analysis, Bitwise President Teddy Fusaro noted that trading volume for Bitwise’s Solana Staking ETF (BSOL) hit an all-time record of $108 million on August 24. Capital inflows were strong as well with SoSoValue data indicating that the Bitwise ETF had its best day with $24.99 million of inflows on August 24, the best since February 2026.
The rest of the US Solana ETF market saw increased demand. The nine spot SOL ETFs combined had recorded $33.49 million of inflows, the best since December 2025. Meanwhile, overall net assets of Solana ETFs increased to $1.21 billion from $717 million in June 2025, a jump of 68%.
This data shows that institutional holding of Solana was growing in the midst of price fluctuation. Bitwise CEO Hunter Horsley also noted that BSOL continued to be active during the price drops of SOL, which shows that there is interest for investing products centred on Solana.
SOL Passes $100 as Price Hits Key Support Levels
Solana (SOL) is asserting key resistance levels at the $100 level. Since August 19, SOL has seen a surge of around 32% and has created a strong bullish pattern for the one-hour chart.
A pattern now forming in SOL is the bull flag. With an approximate height of 10% and peak resistance at $102, a break above the bull flag would have SOL heading towards a potential resistance level of $113.
Bullish patterns are still good, although there should be caution and concern pages below $99. Support at that level would keep a bullish pattern and support the overall price chart, and would keep the overall price chart bullish.
Trading indicators also look good, with the RSI (Relative Strength Index) and MFI (Money Flow Index) both at beneficial levels of 55 and 71 respectively.
Solana Open Interest Hits Three-Month High
Data from derivatives markets continue to signal an upcoming increase in the price of Solana. At a reported three-month high, open interest on SOL futures and perpetuals shows that traders are more active and have increased their exposure to SOL.
Long positions are also on the rise. Long-to-short ratios on major exchanges are 1.75 on Binance, and 1.53 on OKX, indicating an overall more bullish market.
This sentiment is further highlighted by the recent activity by large traders. Approximately $36 million worth of long positions on Solana were opened by whales on Hyperliquid on August 25, showing confidence in SOL’s bullish recovery.
Volatility is a concern when open interest starts to increase rapidly. If the price moves against traders, liquidations could likely lead to more significant downward pressure.
Solana Network Activity Continues to Develop Bullish Scenario
Beyond demand for ETFs and derivatives, data from Solana’s on-chain ecosystem is also showing an increase in activity. Volumes for decentralized exchanges (DEXs) on Solana reached $18.62 billion during the week ending on August 27, 2022. This is the highest volume recorded since June 2022. Ecosystem activity is increasing in line with institutional demand.
Outlook for Solana (SOL): Can SOL Price Hit $113?
Increased activity by major institutional investors, open interest records, fund inflows, and demand for Solana’s blockchain by institutional investors is offsetting the potential risks associated with SOL trading in the $100 price range.
A break above $102 confirms the bull flag breakout and could take Solana towards the target at $113. In contrast, a break below $99 could invalidate the near-term bullish structure and could result in sideways movement.
For now, the combination of institutional interest and market activity sits around $100, making it the key level for Solana traders.
