Solana (SOL) is showing renewed bullish momentum after recovering from its cycle bottom, with technical patterns signaling a completed correction and potential further upside. Simultaneously, its real-world asset ecosystem reached a record high, driven by growing institutional adoption of tokenized financial products on-chain.
At the time of writing, SOL is trading at $95.55 with a 24-hour trading volume of $4.7 million and a market capitalization of $55.63 billion. Following the 1.57% gain over the last 24 hours, the SOL price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Solana Eyes $81 Break as Tokenomics Votes Near Final Stage
SOL Price Eyes $180 After Bullish Reversal
According to the crypto analyst Rod, SOL is showing renewed bullish momentum after recovering strongly from the $60 area, which an analyst previously identified as a potential cycle bottom.
With SOL now roughly 25% higher, market attention is shifting toward whether the broader correction has ended. The current structure resembles a completed higher-time-frame ABC correction, strengthening the reversal argument.
Source: Rod’s X Post
With the bullish setup staying valid, SOL may have its next important goal at the $160-$180 level. Investors will be looking at momentum, support, and resistance dynamics as SOL is on the way to bouncing back.
The formation of a sequence of higher lows would increase the probability of an upward movement, but the forecasted targets are still only technical scenarios.
Solana’s RWA Market Reaches $4B Milestone
The data from Solana further highlighted that the Solana real-world asset network has achieved a new all-time peak, as the total value of the protocol has broken through the $4 billion mark.
This marks the increasing appetite for tokenized financial products, such as equity, treasuries, credit, and any other traditional assets that have found their way into blockchain technology.
Source: Solana’s X Post
Furthermore, this is an indicator that Solana continues to become more popular amongst those looking into using blockchain-based markets.
The popularity of tokenized assets means that Solana could potentially profit from increased liquidity, increased DeFi involvement, and more investors. Growth of the RWAs could make the Solana platform into a huge hub for on-chain finance activities globally.
Following the bullish price predictions and network growth, the SOL price is moving in an upward direction. This move is also backed by the general trend in the crypto market as Bitcoin has started to move upward.
What Comes Next?
The future of SOL will depend upon sustaining higher lows and overcoming critical resistance levels from a technical perspective.
The question will be whether the increased liquidity of assets in the real world will translate into activity on decentralized exchanges and earn profits for the platform, thus drawing institutional investors.
Also Read: Solana Price Surges 10% as SOL Breaks $86 and Targets $88
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
