Solana pointed out that the buying appetite has strengthened by rising above the important resistance area observed in the technical outlook. Network growth data also supported this picture. The rapid expansion, especially on the side of tokenized real-world assets, has highlighted Solana’s position in the field of decentralized finance and on-chain asset issuance.
Bullish signal in technical outlook
SOL was traded at $81.48 at press time. The transaction volume in the last 24 hours was 3.02 billion dollars and the market value was 47.34 billion dollars. Although the price displays a horizontal outlook in the short term, the chart structure and network data keep expectations alive for a possible direction change in the market.
Cryptocurrency analyst Alpha Crypto Signal states that the ascending triangle formation on the daily chart has been broken upwards. This structure indicates that buyers are becoming stronger as the price rises above the horizontal resistance line.
Mini glossary: An ascending triangle is a technical formation in which the price tests a horizontal resistance level while making increasingly higher lows. This structure is often interpreted as increasing buying pressure when the resistance breaks upward.
Alpha Crypto Signal reports that SOL broke above the ascending triangle formation on the daily chart, indicating that the buying momentum is strengthening.
Following the breakout, SOL’s rise above the major moving averages also supported the technical outlook. This is considered as a sign that the market structure is starting to turn in favor of buyers. All eyes in the market are now on whether the breakout zone will be retested.
If the price remains above the level that previously worked as resistance, the range between $98 and $100 stands out as the technical target. On the other hand, if it falls below this zone, the possibility of a short-term retreat remains on the table.
Record growth in the RWA ecosystem
According to Solana Floor data, the value of the Solana-based real-world assets ecosystem has 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 the data and content platform focused on the Solana ecosystem.
Growth of $540 million in the last seven days has pushed the market for tokenized real-world assets on Solana to a new high of $3.62 billion.
| Indicator | Value |
|---|---|
| SOL price | $81.48 |
| 24 hour volume | $3.02 billion |
| Market value | $47.34 billion |
| RWA ecosystem weekly increase | $540 million |
| Tokenized asset market | $3.62 billion |
| technical target | 98 to 100 dollars |
This increase shows that institutional investors continue to be interested in blockchain-based financial products. Fast transaction capacity and relatively low cost structure are among the main factors that make Solana stand out in moving physical and traditional financial assets on-chain.
Although the general sentiment in the market has become more constructive following the upward momentum in Bitcoin, SOL has not yet exhibited a clear acceleration. However, if the technical breakout is maintained and institutional interest in the network continues, the possibility of the price moving towards the $98-$100 band is being closely monitored.
