Solana tests $120 as ETF inflows reach record $188 million

  • Solana traded near $119.54 after advancing about 1.25% on Oct. 1.
  • U.S. spot Solana ETFs attracted approximately $188 million during Sept. 21-25.
  • Alpenglow is operational on Solana devnet and testnet environments.

Solana is trading near $119.54 after recovering from an August low of about $75, with successive higher lows through September and the former $95-$100 resistance zone now acting as support. A sustained break above $120-$122 could open a path toward $140-$145, while $105-$110 is the first downside support and $94-$100 provides a deeper base. Momentum remains positive but is moderating, with the daily RSI at 63.22 and a slightly negative MACD histogram. Institutional demand has also supported the move: U.S. spot Solana ETFs drew about $188 million during Sept. 21-25, although they recorded roughly $12.5 million in net redemptions on Sept. 30. Solana's Alpenglow consensus mechanism is being tested on devnet and testnet, with a target of reducing transaction finality from 12.8 seconds to about 150 milliseconds.

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