Could the Bitwise Solana ETF drive the price of SOL up to $150?

Source: CritpoTendencia Original Title: Could Bitwise’s Solana ETF Drive SOL Price to $150? Original Link: For investors and the SOL community, favorable news could arrive in the short term. In this regard, the token’s price could climb to $150 per unit driven by the solid performance of Bitwise’s Solana ETF. This product is experiencing a notable streak in terms of inflows, highlighting strong institutional support.

With 33 consecutive days of positive flows since its launch on October 28, the fund is consolidating as a potential catalyst for the native Solana asset’s price. These sustained inflows currently allow the ETF to approach $610 million in accumulated capital.

This behavior reflects a clear sign of confidence from Wall Street investors both in the token and in the Solana network.

It is worth remembering that this blockchain is considered one of the most promising in upcoming financial market transformations, thanks to its technological capacity, operational efficiency, and focus on scalability—features that could position it as an attractive option for major players in asset tokenization processes.

Such a scenario could translate into a significant increase in SOL demand, explaining the interest of long-term investors in positioning themselves at this stage. Under these premises, Bitwise’s Solana ETF is shaping up as an early exposure route to the token.

This momentum would not only have long-term effects but could also be reflected in shorter time horizons. In this context, expectations are that SOL will reach the $150 per unit zone.

The Solana ETF Could Reignite SOL Investors

The positive performance of the leading SOL ETF could generate effects beyond the stock market. In this sense, it could also encourage spot market investors to re-enter the token, anticipating an additional price rebound.

However, this scenario cannot be guaranteed, as the currency has been heavily impacted by the bearish market trend. SOL shows an annual performance of -42%. A significant part of these losses has concentrated since October 10.

This sharp retreat acts as a deterrent for new capital in the current environment. At the time of writing, SOL’s price is around $128 per unit, and market sentiment remains mostly bearish. Overall conditions leave little room for immediate optimism.

Despite this, some technical analysis-based forecasts offer a somewhat more encouraging outlook.

Technical Price Prediction for SOL

Projections based on technical analysis should not be considered certainties, although many traders and large investors use them as references to plan their capital movements, so they should not be outright dismissed.

Under this approach, estimates from the portal CoinCodex stand out. While 26 of its 29 indicators anticipate a short-term price decline, the projections for one and three months show a bullish bias. Over a 30-day horizon, the SOL price could reach $146.5 per unit, while in three months, the projection is around $164.33 per token.