Solana Price Rally Sparks $2,000 Buzz but One Level Stands in the Way

Key Insights:

• Solana attracted $78M in ETP inflows this week, the highest among altcoins
• Active addresses are growing again as user interest returns, which might impact Solana price positively
• Solana netflows are stabilizing, showing that fewer people are rushing to sell

Solana is starting to heat up again, and this time, it’s not just traders jumping in. Institutions are coming back, users are becoming more active, and on-chain data is showing signs of confidence. All of this is building up just as the Solana price pushes above key resistance.

Let’s break it down simply.

Solana Gets $78M in Big-Money Inflows

This week, Solana ETPs pulled in $78 million; the most of any altcoin. ETP stands for exchange-traded product, which is like a fund that people can buy and sell just like stocks. These inflows show that bigger investors (like hedge funds) are betting on the SOL price going up.

When large investors start moving money in, it usually means they expect something big to happen soon. That’s why this number matters.

More Users Are Coming Back

The number of people using Solana every day is also going up again. This is measured by something called active addresses, which shows how many wallets are sending or receiving SOL in a 24-hour period.

Right now, the number of active addresses is close to 16 million, up from the lows in early June. When this number goes up, it often means more people are using Solana, which is usually a good sign for the Solana price.

Last time this happened (back in late 2024), Solana price action climbed from under $130 to over $200. So it’s a pattern worth watching.

Netflows Show Traders Are Not Rushing to Sell

We also looked at something called NetFlow. It tracks how much SOL is moving into or out of exchanges, the difference between the inflows and outflows. If a lot of SOL is going into exchanges, that’s often a sign people might be getting ready to sell. But if more SOL is moving out, it usually means people want to hold it longer.

In the past few weeks, netflows have calmed down. After a big wave of outflows in April and May, July netflows are flatter, meaning fewer traders are dumping SOL on the market. This tells us that traders are more relaxed and not in a rush to exit, a signal that confidence is returning.

This calm behavior, mixed with user growth and fund inflows, adds more strength to the current Solana price action.

Another way of looking at it is that a lot of Solana token holders are in profit and therefore aren’t pulling SOL out of the exchanges. This pattern also explains the muted netflows. Should that be the case, not selling would mean that SOL holders are expecting the price to go up from here.

Price Targets Point to $2,000, but One Level Comes First

Now comes the big question: how high can the SOL price go?

One popular analyst, Ali, shared a chart showing that a weekly close above $170 could unlock a rally all the way up to $2,000, based on long-term Fibonacci extensions. This tool helps find future price levels based on past trends. It’s not magic, but it gives a roadmap.

But a more careful view comes from the current price chart. Solana price recently broke above the $161.17 level; this is a Fibonacci level too, and it’s the first sign that momentum is real.

If that breakout holds, the next levels to watch are:

• $172 (immediate resistance)
• $198.25 (next stop)
• $217.89 (round-number target)
• $274.61 and $366.39 (stretch goals)

Right now, the SOL price is around $166.81. As long as it stays above $161, bulls are in control. But the next real test is a strong close above $170, which could flip the entire mood.

The latest Solana price action isn’t just hype. There’s real money flowing in, more users on-chain, and fewer traders rushing for the exit. If the SOL price can break $170 soon, the $200–$274 zone could be back in play, and if the big Fibonacci chart plays out, even $2,000 is on the map.

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