Solana Price Eyes $200 as Bullish Momentum, ETF Optimism, and Network Growth Align

Solana price has remained resilient above the $130 level after rebounding strongly from the $120 support zone, gaining nearly 4% in the past 24 hours. Over the last several days, SOL has surged more than 10%, reflecting renewed bullish momentum across the broader crypto market. With the overall market up around 2% on the day and close to 10% on the week, investor sentiment has clearly improved, creating favorable conditions for Solana to extend its rally.

Growing confidence among traders and institutions has strengthened expectations that Solana price could test the $200 mark this month. One of the most notable catalysts fueling this optimism is Morgan Stanley’s reported move to file an S-1 form with the U.S. SEC for a Solana Trust ETF. With the investment bank managing over $6.4 trillion in assets, this filing signals a deeper institutional push into Solana and the wider crypto ecosystem, pending regulatory approval.

On-chain activity further supports Solana’s bullish outlook. In 2025, Solana recorded a historic $451.2 billion in perpetual DEX trading volume, far surpassing previous years. Major platforms such as Jupiter and Drift Trade played a key role in driving this growth, highlighting Solana’s increasing dominance in decentralized trading infrastructure.

Investor interest has also surged through Solana spot ETFs, which recently saw their highest single-day inflows in nearly 20 days at $16.8 million. Products like Bitwise’s BSOL and Fidelity’s FSOL led the inflows, pushing total Solana ETF assets close to $1.09 billion, a clear sign of rising institutional participation.

Developer activity adds another layer of strength to the Solana ecosystem. More than 42,000 SPL tokens were launched within a single day in early January 2026, marking the highest daily token creation in four months. This spike reflects expanding DeFi, NFT, and memecoin activity on the network.

Technically, Solana price trading around $137 remains supported by positive MACD and CMF indicators, suggesting sustained capital inflows. A decisive break above $150 could open the door to $180 and potentially $200, while $130 continues to act as a critical support level.