Solana (SOL) Up Today: Early September Price Prediction

Solana price today is showing strength as SOL enters September with momentum carried over from a productive August. 

With Solana Spot ETFs recording consistent net inflows throughout the month and open interest holding elevated levels despite a late month pullback, the setup heading into early September favours continuation. 

The question is whether buyers can sustain the push toward $118 or if caution around the new month drags price back toward key support.

Key Takeaways

• Solana Spot ETFs recorded $172.30 million in total net inflows throughout August 2026, with zero days of net outflows.
• Open interest surged to multi month highs in mid August before pulling back slightly in the final days, reflecting caution around monthly contract expiry.
• SOL has room to push toward $118 and potentially $150 in a more bullish scenario, as long as the $98 support zone holds.

Solana Spot ETF Inflows Signal Institutional Confidence

One of the strongest signals supporting Solana's current price action is the consistent flow of capital into Solana Spot ETFs throughout August. 

Across the five listed products, total net inflows for the month reached $172.30 million, with not a single day recording net outflows across the board.

Image source: Coinglass

Bitwise's BSOL led the pack with $121.90 million in net inflows, making it the dominant vehicle for institutional SOL exposure. 

Grayscale's GSOL followed with $22.60 million, while Fidelity's FSOL attracted $17.70 million. 21 Shares' TSOL and VanEck's VSOL added $3.90 million and $3.60 million respectively.

The standout days were August 27 with $56.10 million in total inflows and August 24 with $33.50 million. Even on quieter days like August 31, flows remained positive with $900,000 entering through Fidelity alone.

What makes this data particularly notable is the consistency. Institutional buyers were not just entering on green days. They maintained steady accumulation across the second half of August, which suggests a positioning strategy rather than reactive trading. 

This level of sustained demand through regulated ETF products adds a layer of structural support beneath SOL's current price. Traders interested in tracking SOL's price movements in real time can follow the latest data on Bitrue's SOL price page.

Open Interest Trends: Elevated but Cautious

Solana's futures open interest tells a complementary story. Throughout mid August, open interest surged to its highest levels since early in the year, climbing past $7 billion as price pushed above $100. 

Image source: Coinglass

This spike reflected growing conviction from derivatives traders who were opening new positions in line with the uptrend.

However, the final four days of August saw a pullback in open interest. This decline does not necessarily signal bearish sentiment. Monthly contract expiry is a well documented event that typically causes temporary position unwinding as traders close or roll over contracts. 

The drop in open interest during this window is standard behaviour and does not erase the broader uptrend that built throughout the month.

When viewed across the full timeline from February to September, open interest remains significantly higher than the lows seen during the May to June drawdown when it dropped below $2 billion. 

The current levels, even after the late August dip, sit well above those figures, confirming that traders and institutions are still positioned with a bullish bias overall.

The key takeaway is that the broader trend in open interest remains up. The late August dip was a function of contract cycle mechanics, not a shift in market conviction. 

If you are looking to stay informed and trade SOL across spot markets, Bitrue's SOL/USDT trading pair provides a secure and liquid environment.

Read also: Solana Price Outlook 2026: Will SOL Outperform Ethereum?

SOL Price Outlook: $118 Target in Play

From a price perspective, SOL is trading near $97 at the start of September. The $98 level is the most important support zone on the chart right now. As long as price holds above this floor, the structure supports a continuation of the uptrend that began in mid August.

Image source: TradingView

If positive momentum carries into September, the first major target sits at $118. This level aligns with previous resistance from earlier in the year and represents the natural next step for a move that has already recovered from sub $70 lows. 

A push to $118 would represent roughly a 20% gain from current levels, which is well within range given the ETF inflow data and open interest support.

In a more optimistic scenario where broader market conditions align and Bitcoin holds its ground above key levels, $150 becomes a realistic medium term target for SOL. 

However, that level requires sustained institutional demand, continued ETF inflows into September, and no major negative catalysts hitting the market.

The more conservative and realistic expectation for the short term is a grind toward $118 with possible pullbacks along the way. Any dip toward $98 that holds would be a buying opportunity for traders looking to position with the trend. 

A break below $98 with volume would invalidate the bullish setup and shift the outlook toward a deeper retracement.

For traders looking to capitalise on SOL's momentum in either direction, Bitrue Futures offers leverage options for both long and short positions, providing flexibility to trade around key levels during this volatile transition into September.

Read also: Solana (SOL) Token Burn Explained

Conclusion

Solana enters September 2026 with a solid foundation of institutional ETF inflows, elevated open interest, and a constructive price structure above key support. 

The $172.30 million in August ETF inflows and the resilience of open interest despite late month contract expiry both point toward continued confidence from traders and institutions. 

As long as $98 holds, the path toward $118 remains open, with $150 as the extended target if conditions align.

FAQ

Why Is Solana Price Up Today?

SOL is up on the back of strong August ETF inflows totalling $172.30 million and rising open interest that reflects growing institutional and trader confidence heading into September.

How Much Did Solana Spot ETFs Receive in August 2026?

Solana Spot ETFs recorded a total of $172.30 million in net inflows across five listed products, with Bitwise's BSOL leading at $121.90 million.

What Is the Key Support Level for SOL?

The $98 zone is the critical support level, and holding above it keeps the bullish structure intact for a potential push toward $118.

Can Solana Reach $150?

Reaching $150 is possible in a more optimistic scenario but would require sustained institutional demand, continued ETF inflows, and supportive broader market conditions.

Where Can I Trade Solana?

SOL is available for both spot and futures trading on Bitrue, which offers a secure environment and leverage options for managing positions around key price levels.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.