Crypto trader Ansem has forecast a 98% rally for Solana (SOL), calling for the token to reach $150 in the coming months as it breaks out of a trading range. Analyst Michaël van de Poppe also sees upside, targeting $100 within two months. However, geopolitical tensions and slowing ETF inflows pose risks to the bullish outlook.
Analysts See Solana Breaking Higher
Ansem laid out his view in a July post on X, arguing that many on-chain altcoins are poised for a breakout. He identified the $84 area as the top of Solana's current range and $150 as the eventual target. "Believe SOL will reclaim topside of range & hit $150 over the next couple months as it starts its uptrend again for first time in over a year," he wrote.
Van de Poppe offered a more conservative projection. He said $76.6 is the key level Solana must hold to confirm further gains. "It's clearly breaking through this resistance zone and flipping the level… we'll likely see SOL trend to $100+ in the coming 1-2 months," he noted.
On-Chain Metrics Supportive, but ETF Flows Slow
Solana's price stood near $75.8 at press time. Reaching Ansem's $150 target would require a roughly 98% gain, while van de Poppe's $100 goal implies a 32% move. On-chain data provides some backing for the bullish case. Total value locked (TVL) on Solana has climbed to its highest since early June, indicating genuine capital inflows. Deposits into Solana applications are rising, and long-term holders continue to accumulate. Open interest and funding rates have contracted, suggesting spot demand rather than leveraged speculation. Active addresses are also increasing, retesting yearly highs.
However, institutional demand tells a different story. Solana spot ETF flows turned negative in June 2026, posting their first monthly net outflow of about $790,000, according to SoSoValue data. July inflows have recovered to just $3.65 million month-to-date, far below the $199.21 million at launch in October and the $419.38 million peak in November.
Geopolitical Headwinds Remain
Beyond ETF flows, broader macroeconomic and geopolitical conditions present a challenge. Renewed US-Iran tensions have weighed on risk assets, including Solana, over the past week. A potential rate hike or prolonged hostilities could widen the gap between current prices and the analysts' targets. The market will be watching whether Solana can hold key support levels and attract renewed institutional interest to fuel the projected breakout.