Key Drivers of Solana Prices: Will Hit $200 This Month?

Solana prices have generally increased over the past few weeks. In 2026, SOL prices started around $124.52 and reached approximately $141.10 by January 7. In the past 24 hours, SOL prices have risen by 4%. This surge indicates a growing bullish momentum. 

Highlights 

• SOL prices accelerated with the launch of Solana ETFs, which have recorded significant inflows. 
• In 2025, DEX volume surged to 451.2 billion, which is a strong driver of Solana prices. 
• The number of active developers acts as a strong, long-term bullish signal for Solana (SOL) prices. 

Crypto Market Reported Significant Gains 

Over the past day, the crypto market has gained over 2%, and reported a 10% increase over the week. The overall investor sentiment has been positive. This trend has laid the groundwork for Solana, which continues to take an upward momentum. Analysts expect that if this trend continues, SOL prices will break the $200 mark this month. 

Morgan Stanley’s filing for the Solana ETF Could Push the Prices Up

Morgan Stanley has registered a Solana Trust ETF with the SEC. As it is the first major U.S. bank to file for a cryptocurrency, it adds legitimacy to such digital assets. The news has attracted significant investments, and if the SEC approves, it could further drive up the prices. 

Solana Dex Volume Reached $451.2 Billion

Solana’s decentralized exchange (DEX) has reached a new record of $451.2 billion in 2025. It has surpassed the network’s cumulative volume from the previous year. Platforms such as Jupiter aggregate liquidity across various Solana DEX’s, ensuring optimal pricing and minimizing slippage. 

Solana Spot ETF Inflows 

Since the launch of the Solana spot ETF in July and October 2025, it has attracted approximately $792 million in cumulative net inflows. On January 6, 2026, Solana ETF recorded a total net inflow of $16.8 million, recording the single-day largest inflow. The consistent inflows with very few outflows and sustained demand from institutional and traditional investors are reasons for the surge. 

Solana Developer Activity a Key Reason For the Rally 

SOL experienced a massive spike in activity with over 42,000 tokens launched within 24 hours. This is the largest number of tokens being launched over the last four months. The surge is driven by the meme coin activity of Pump.fun. The spike also indicates a developing activity in the Solana ecosystem. 

SOL Prices Going For a $200 Breakout 

As the SOL price is trading around $137, market analysts are speculating on a $200 breakout later this month. The immediate support is near $130, and buyers are preventing further declines. A resistance zone should be laid between $145 and $150. The MACD indicator shows a bullish crossover on the last 4-hour chart, and the Relative Strength Index (RSI) is near 63-70, suggesting a strong upward momentum. 

Bottomline 

Solana investors are looking for the potential $200 breakout in the latter part of this month. The driving factors are quite strong, including the Morgan Stanley ETF Filing, high network activity, and high DEX volume. So, the overall support is expected to lead to a bullish momentum. However, if SOL fails to hold the resistance level of $129-$130, it will undergo further correction, and the price will drive back toward $120.