TLDR
- Analyst Ali Martinez says SOL’s market structure is turning bullish and targets $150 this month
- SOL traded at $101.30 on September 1, up 40% over the past month
- Solana ETFs pulled in $925K in daily inflows, with total assets reaching $1.44 billion
- Solana processed 5.2 billion non-vote transactions in August, a new all-time high — up 23% from July
- SOL must hold $100 and break $120 for the $150 target to remain in play
Solana (SOL) is trading around $101 after a strong monthly rally, with one analyst now calling for a move to $150 before the end of September.
SOL fell 1.76% in the 24 hours leading up to September 1, dipping to $101.30. Despite that short-term pullback, the token is up 5% over the past week and more than 40% over the past month.
The broader crypto market also dipped slightly, with total market cap falling 0.65% to $2.62 trillion. Bitcoin sat below $78,000, Ethereum traded near $2,430, and XRP hovered around $1.36.
The Fear and Greed Index dropped from 80 to 74, reflecting a small cooling in market sentiment after a 21.38% monthly gain across the market.
What the Analyst Is Saying
Crypto analyst Ali Martinez posted on X that traders should stop being bearish on Solana. He said the setup is turning bullish and advised people to position before the next major move. Martinez set $150 as his next price target for SOL.
Stop being bearish on Solana $SOL.
The setup is turning bullish, and I think it's time to lock in before the next major move.
Here's why. https://t.co/ZSU7TWB6MP pic.twitter.com/3IvK1lq709
— Ali Charts (@alicharts) September 1, 2026
His post read: “Stop being bearish on Solana $SOL. The setup is turning bullish, and I think it’s time to lock in before the next major move.”
For the $150 target to come into play technically, SOL needs to first push above $110, then clear $120. A break above $120 could open the door to $130 before $150. If SOL loses the $100 level, the next key support sits at $95.
Current technical indicators are mixed. The RSI stands at 40.56, above oversold territory. The MACD line is negative at -0.18, with the histogram at -0.46, pointing to near-term consolidation.
Solana ETFs recorded $925,010 in daily inflows on August 31, all going to Fidelity’s FSOL fund. Total ETF assets reached $1.44 billion, equal to 2.37% of SOL’s total market cap. Combined trading volume across all seven products has reached $67.55 million since launch.
Network Activity Hits All-Time High
On the network side, Solana processed over 5.2 billion non-vote transactions in August 2026, according to Blockworks data. That is a new all-time high, up 23% from July’s previous record of 4.24 billion.
Non-vote transactions measure real user and app activity, excluding automated validator housekeeping. The August figure is more than double Solana’s typical monthly throughput from 18 months ago.
Stablecoin supply on Solana reached $14.7 billion in August, nearly triple the $5 billion seen a year earlier.
The milestone followed Solana’s first-ever validator governance vote, where two of three proposals passed, including a plan to double the rate at which new SOL issuance shrinks each year.
