Solana Price Could Reach $200 as WisdomTree Sees Structural Strength

Solana’s price rebounded in early 2026, rising from a December low of $115 to $142 by mid-January. Analysts now predict the potential for a move toward $200, driven by renewed market interest and institutional confidence. WisdomTree, a major asset management firm, has expressed bullish views on Solana’s long-term potential, citing structural advantages in the blockchain space.

The firm points to Solana’s growing user base, developer activity, and on-chain revenue as key drivers of its market position. Over the past 30 days, Solana processed over 1.7 billion transactions, surpassing Ethereum and Binance Smart Chain in volume. This has reinforced WisdomTree’s belief that Solana’s dominance is structural rather than cyclical.

On the decentralized exchange (DEX) side, Solana handled $118 billion in transactions in early 2026. This level of activity suggests that the network is becoming a key player in the broader crypto market, outperforming major competitors in key performance metrics.

Why Did This Happen?

Solana’s price action has shown signs of positive momentum in early 2026. Technical indicators such as the Supertrend have flipped to green, signaling a potential upward trend. Additionally, the price has risen above the 50-period Exponential Moving Average (EMA), a bullish sign for near-term direction.

Analysts are monitoring the $150 level as a key milestone. A breakout above this level could lead to further gains toward $200. However, a drop below $120 could invalidate the positive technical outlook.

What Are Analysts Watching Next?

Upcoming upgrades and developments could play a crucial role in Solana’s growth trajectory. The Alpenglow upgrade, expected to improve network throughput, is one such development. This could enhance Solana's scalability, supporting higher transaction volumes and broader adoption.

Institutional demand has also shown strength. Spot ETFs for Solana recorded a weekly inflow of over $41 million as of early January. This marks the highest weekly inflow since mid-December and suggests growing institutional interest.

Derivative markets are also showing signs of increased participation. Open interest in Solana futures has risen to $3.35 billion, indicating fresh capital entering the market. This suggests growing speculative activity and potential price volatility ahead.

How Did Markets React?

The recent price movement has reinforced confidence in Solana’s fundamentals. Network activity metrics, including daily active wallets and non-vote transactions, remain strong. In early 2026, daily active wallets averaged over 3.2 million, with non-vote transactions reaching 33 billion.

Decentralized exchange volume on Solana has also remained robust. In January 2026, the network recorded $6.7 billion in DEX volume, surpassing the combined volume of other layer 1 and layer 2 solutions. This dominance in on-chain liquidity has drawn attention from traders and investors.

Stablecoin activity on Solana also saw a significant increase. In early January 2026, stablecoin supply on the network surged by $900 million in 24 hours, driven in part by Jupiter’s stablecoin launch and increased institutional demand.

What Could Happen Next?

If the current trajectory continues, Solana could see further gains in early 2026. However, risks remain. A new class-action lawsuit against Solana-affiliated entities and ecosystem projects could introduce uncertainty, potentially affecting the price and investor sentiment.

Additionally, if ETF flows reverse or bearish sentiment builds, Solana could face downward pressure. Nevertheless, the current market environment, including strong on-chain activity and institutional participation, suggests that the $200 target is achievable.

In summary, Solana’s price trajectory is supported by strong fundamentals, technical indicators, and growing institutional interest. While risks exist, the current momentum points to a potential move toward $200 in the near future.