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Solana rises to $119 on strong institutional demand, hitting an 8-month high before slight profit-taking.

Market News
22 Sep 2026
AMBCrypto
View Source
Bullish
Solana rises to $119 on strong institutional demand, hitting an 8-month high before slight profit-taking.

Solana (SOL) surged to $119, its highest level in eight months, driven mainly by renewed institutional interest, especially through Spot ETFs which saw $73 million in net inflows over two sessions. Despite profit-taking by small investors causing a slight retracement to $116, market indicators remain bullish, suggesting potential for SOL to surpass $120 and possibly reach $148 in the medium term. The current momentum highlights a growing confidence among large investors, which could support further price gains if inflows continue.

Solana's market cap stands at Rp1.241,33 trillion as of Sep 23, 2026 03:22 WIB, with a 24-hour trading volume of Rp89,05 trillion on Pluang. The price of SOL is Rp2.111.292, showing a modest 0.19% increase in the last day, while order activity is evenly split between buyers and sellers. Typical hold time on Pluang is 70 days, indicating a balanced mix of short and medium-term investors amid the ongoing institutional interest highlighted in the news.

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