#SOL Solana rose above the key resistance level observed in the technical outlook, signaling a strengthening of buying appetite. Growth data on the network also supported this picture. In particular, the rapid expansion recorded in tokenized real-world assets highlighted Solana's position in decentralized finance and on-chain asset issuance.
Upside signal in the technical outlook
SOL was trading at $81.48 at the time of writing. Its trading volume in the last 24 hours was $3.02 billion, and its market cap stood at $47.34 billion. Although the price shows a sideways outlook in the short term, the chart structure and network data keep expectations of a possible trend change alive in the market.
Crypto analyst Alpha Crypto Signal notes that the ascending triangle pattern on the daily chart has broken upward. This structure indicates that buyers have become stronger as the price has risen above the horizontal resistance line.
Following the breakout, SOL rising above the major moving averages also supported the technical outlook. This is interpreted as a sign that the market structure is starting to turn in favor of buyers. Now, market attention has turned to whether the breakout zone will be retested.
If the price stays above the previously resistance level, the $98 to $100 range stands out as a technical target. On the other hand, if it dips below this zone, the possibility of a short-term pullback remains on the table.
Record growth in the RWA ecosystem
According to Solana Floor data, the value of Solana-based real-world asset ecosystem increased by $540 million in the last seven days. Thus, the total size of the tokenized asset market reached a new peak of $3.62 billion. Solana Floor is known as a data and content platform focused on the Solana ecosystem.
This increase shows that institutional investors' interest in blockchain-based financial products continues. Fast transaction capacity and relatively low cost structure are among the main factors that make Solana stand out in bringing physical and traditional financial assets onto the chain.
Although the general market sentiment has become more constructive following Bitcoin's upward momentum, SOL has not yet shown a clear acceleration 1. Nevertheless, if the technical breakout is maintained and institutional interest on the network continues, the possibility of the price moving towards the $98 to $100 band is being closely watched.
NOT INVESTMENT ADVICE
Upside signal in the technical outlook
SOL was trading at $81.48 at the time of writing. Its trading volume in the last 24 hours was $3.02 billion, and its market cap stood at $47.34 billion. Although the price shows a sideways outlook in the short term, the chart structure and network data keep expectations of a possible trend change alive in the market.
Crypto analyst Alpha Crypto Signal notes that the ascending triangle pattern on the daily chart has broken upward. This structure indicates that buyers have become stronger as the price has risen above the horizontal resistance line.
Following the breakout, SOL rising above the major moving averages also supported the technical outlook. This is interpreted as a sign that the market structure is starting to turn in favor of buyers. Now, market attention has turned to whether the breakout zone will be retested.
If the price stays above the previously resistance level, the $98 to $100 range stands out as a technical target. On the other hand, if it dips below this zone, the possibility of a short-term pullback remains on the table.
Record growth in the RWA ecosystem
According to Solana Floor data, the value of Solana-based real-world asset ecosystem increased by $540 million in the last seven days. Thus, the total size of the tokenized asset market reached a new peak of $3.62 billion. Solana Floor is known as a data and content platform focused on the Solana ecosystem.
This increase shows that institutional investors' interest in blockchain-based financial products continues. Fast transaction capacity and relatively low cost structure are among the main factors that make Solana stand out in bringing physical and traditional financial assets onto the chain.
Although the general market sentiment has become more constructive following Bitcoin's upward momentum, SOL has not yet shown a clear acceleration 1. Nevertheless, if the technical breakout is maintained and institutional interest on the network continues, the possibility of the price moving towards the $98 to $100 band is being closely watched.
NOT INVESTMENT ADVICE
