Solana Price Forecast: SOL Climbs Above $137 as Spot ETF Demand Accelerates

Solana (SOL) price extended gains above $137 as of January 6, 2026, with a weekly increase of more than 7%. The price movement reflects strong institutional demand, as spot ETFs for SOL recorded net inflows of over $16 million on January 5.

The continued inflow into Solana ETFs indicates growing institutional confidence in the cryptocurrency. SoSoValue data shows that these funds have accumulated over $1 billion in total net assets this week, suggesting a sustained interest from institutional investors.

On-chain metrics also suggest a positive outlook for Solana. According to CryptoQuant, whale activity and buy-side dominance in both spot and futures markets point to a bullish trend. Additionally, stablecoin supply on the Solana network has recovered to $15.32 billion as of early January.

Why Is Institutional Demand for Solana Increasing?

Since the launch of Solana spot ETFs in mid-October 2025, the product has drawn consistent inflows. By mid-January 2026, total inflows reached $765 million, led by Bitwise's BSOL fund, which accounted for $2.29 million in a single day.

The recent inflows highlight the appeal of physically backed exposure to Solana. Farside investor data shows that most of the inflows have been driven by demand for Solana-based strategies rather than broad crypto bets.

What Role Is Real-World Asset Growth Playing in Solana's Momentum?

Solana's real-world asset (RWA) ecosystem reached a new all-time high of $873 million in late December 2025, according to Capital Markets data. This increase in tokenized assets signals stronger institutional adoption, particularly in products tied to U.S. Treasuries and institutional funds.

The expansion of the RWA sector is seen as a key factor in Solana's institutionalization. Bitwise analysts have suggested that passage of the CLARITY Act in 2026 could further boost tokenization on the Solana network, positioning it as a major beneficiary of the trend.

What Are Analysts Watching for Next-Step Price Action?

Solana price recently broke above the upper trendline of a falling wedge pattern on December 26 and closed above the 50-day EMA at $163.45. Current price action shows SOL trading above $137 as of January 6, with the next key resistance level at $150.61, its 100-day EMA.

The RSI on the daily chart is at 63, indicating bullish momentum is gaining traction. Analysts are closely monitoring the RSI and MACD for further signs of a sustained rally. A continuation of current trends may lead to a move toward the $160–$180 range in the first quarter of 2026.

How Are Solana ETFs Performing in the U.S. Market?

As of December 31, 2025, the U.S. Solana Spot ETF market recorded a $2.29 million daily net inflow, bringing cumulative inflows to $766.20 million. Bitwise's BSOL led the inflow with $2.29 million, while other ETFs like GSOL, FSOL, and VSOL either saw no inflows or small outflows.

The inflow pattern shows a clear preference for physically backed exposure in the U.S. market. This trend reinforces the idea that institutional investors are favoring Solana's infrastructure and RWA offerings over broader crypto exposure.

What Is the Broader Market Context for Solana in 2026?

While Bitcoin and Ethereum remain in consolidation phases, Solana is gaining attention for its network usage and transaction volume. The Solana network processed over 121 billion transactions in 2025, making it the most active blockchain by transaction count.

Looking ahead, Solana is preparing for a potential tokenization boom if regulatory clarity improves. The network is on track to become the third-largest in tokenized RWA value, following Ethereum and BNB Chain. If the CLARITY Act is passed in 2026, Solana could see a surge in institutional demand and tokenized asset activity.

What Are the Risks to This Bullish Outlook?

While the current on-chain and ETF trends suggest optimism, several risks remain. One concern is the growing NVT ratio, which has reached a seven-month high. An increasing NVT ratio often signals overvaluation, where market capitalization grows faster than transaction volume.

Additionally, open interest for Solana has declined from a high of $17 billion in September 2025 to $7.5 billion as of January 2026. This drop suggests a possible reduction in speculative activity and may indicate a period of consolidation before the next major price move.

What Are the Implications for Investors and Market Participants?

Investors are advised to monitor key technical levels and ETF inflow trends. If Solana continues to break above resistance levels and maintains strong on-chain metrics, the asset could see renewed institutional interest and broader adoption.

For traders, the $120–$130 zone remains a critical support area. A firm defense of this level could lead to a test of the $150–$160 range. Conversely, a breakdown below $120 could result in a deeper consolidation phase.

Market participants should also watch for regulatory developments in 2026, particularly with regard to the CLARITY Act. If passed, the legislation could significantly boost tokenization activity and institutional demand on the Solana network.