Solana Is Up 68% in Two Months and Nearly Back to Even for 2026. What Comes Next?

Solana has clawed back most of its 2026 losses in just two months, but a critical technical upgrade and a dramatic collapse in ETF inflows now put that recovery at a crossroads.

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Solana (CRYPTO:SOL) has seen an impressive 68% increase over the past two months, reaching a price of $124 as of September 27, 2026. This surge has brought Solana close to breaking even for the year, especially when compared to Bitcoin (CRYPTO:BTC), which is down 3.7%, and Ethereum (CRYPTO:ETH), down 9.3%. After such a significant rally, many are wondering: does Solana have the potential to keep climbing, or has the growth peaked?

Solana’s 68% Rally Came Almost Entirely in August and September

Most of Solana’s remarkable 68% rally occurred during August and September. The summer months saw little action, with Solana closing both June and July around $74. However, demand surged in August, pushing the price to a close of $103 and reaching a high of $111. By September, it climbed even further to $124. To put this into perspective, $1,000 worth of SOL bought at the July closing price is now valued at about $1,670.