What is Happening in Solana: Levels Revealed
Solana (SOL) is currently trading just above $215 level, supported by renewed bullish momentum driven by institutional accumulation, technical breakouts, and the continued rise of real-world asset tokenization on its network.
In this article, we will look at Solana next target along with latest news.
Solana Next Target
- Price: $ 216 (up ~4.5% intraday)
- Market Cap: $ 122 billion
- 24-Hour Trading Volume: 8.9 billion
- Circulating Supply: 542 million SOL
- Total Supply: Inflationary model with no fixed cap (declining issuance)
SOL has broken the symmetrical triangle pattern with good volume. Currently, it looks ready for an upward movement.
Key Drivers & Market Signals
- Bullish Momentum: SOL is holding strong above the 200 support level, with RSI and moving averages signaling continued strength. A breakout above 213 could open the way toward 214–221.
- Institutional Accumulation: Around 770 million worth of SOL recently moved off exchanges, suggesting long-term investor confidence.
- Tokenized Assets Growth: More than 503 million in tokenized real-world assets now sits on Solana, alongside 11.5 billion in stablecoins, highlighting its expanding ecosystem.
- Price Forecasts: Analysts see SOL trading between 182 and 206 in the short term, with possible upside to 220–238 by year-end. Some bullish projections even eye 300 if major catalysts, like ETF approvals, play out.
Latest News Highlights
- Crypto markets rallying, with SOL up ~3% in line with gains in Bitcoin and Ethereum, driven by expectations of rate cuts.
- Solana surpasses Ethereum in tokenized assets, becoming the leading blockchain for stablecoins and real-world assets.
- Mixed long-term sentiment: Some forecasts target 350–500, while others caution about corrections after recent rallies.