Solana Soars: SOL Targets $290 After Key Breakout and RWA Surge

Solana Price Prediction: <a href="https://bbg-news.com/sol-usd/">SOL</a> Eyes $290 After Breaking Key Resistance and Surging RWA Growth

Moving forward, significant assets connected to Wall Street are transitioning onto blockchains like Solana, and there’s a surge in USDC minting. Moreover, after breaking free from crucial resistance levels and experiencing a technological uptrend, the outlook for Solana is becoming increasingly optimistic.

Solana RWA Growth Hits $418M, Surging 140% YTD

As a crypto investor, I’ve been closely watching Solana’s progress in the realm of real-world assets (RWAs), and the numbers are truly impressive. According to data from Messari, Solana has seen a whopping 140.6% year-to-date increase in total RWA issuance, reaching over $418 million. This growth spans across various types of assets, from tokenized U.S. Treasuries to shares of companies like Tesla. The stablecoins USDY and OUSG are currently leading this charge, demonstrating Solana’s potential in bringing real-world value to the blockchain world.

This trend indicates that Solana is moving towards being a reliable platform for real-world financial services. Notably, assets such as TBILL, ACRED, and BUIDL are increasingly appearing on the blockchain, enhancing Solana’s reputation as a suitable location for high-end transactions. If this momentum continues, it could subtly transform Solana into one of the preferred chains for tokenized value.

Circle Mints $250M USDC on Solana in 24 Hours

After a significant increase in RWA issuance by Solana, activity on the chain has been picking up speed. SolanaFloor recently reported that Circle directly minted an additional 250 million USD Coin (USDC) on Solana in just the past 24 hours. This massive minting suggests a growing liquidity in the near future. Whether this liquidity is meant to support RWA’s or upcoming on-chain funds, the increase of USDC is a promising sign for bullish investors.

Solana Breaks Key Resistance, Eyes $180 Target

As a crypto investor, I’m thrilled to report that Solana has successfully breached a significant horizontal resistance at $155. This crucial breakout was signaled by the price action pushing cleanly above the level that had previously restricted growth for several days. This milestone opens up a potential pathway towards the $180 region, an area that coincides with the May 2021 highs, marking a significant historical peak. Analyst UFO Calls suggests this could be our next destination.

The construction appears robust, and another test at the breakout point might provide additional evidence for confirmation. After that, if the conditions are met, it could lead to a subsequent development.

This burst in activity aligns well with Solana’s increasing strength in its underlying factors, heightened RWA activity, and a new influx of USDC from Circle. From a technical perspective, the price is currently passing through a zone with minimal resistance until it reaches $180. The level to keep an eye on as we ascend is approximately $167. If we manage to close above that point, it could speed up the ongoing trend.

Solana Supported by 200EMA and Trendline Structure

As a crypto investor, I’m keeping a close eye on Solana as AltWolfCrypto points out a promising technical setup. The current price is moving along a significant trendline that originated from the June lows and has managed to stay above the 200-day Exponential Moving Average (EMA). The $158 to $160 range has emerged as a vital pivot point, combining horizontal support, a diagonal trendline, and EMA alignment. This critical level is worth watching for confirmation of a potential breakout and continuation of the upward trend.

On a day-to-day basis, Solana is still trending upward, provided it keeps rebounding from this rising support line. The 200-day Exponential Moving Average serves as a dynamic foundation, and if this remains solid, the price action points more toward a bullish outlook, potentially reaching the $180 to $185 range.

Solana Technical Analysis

A well-known cryptocurrency analyst, CW8900, has drawn attention to a significant technical arrangement on Solana’s trajectory. He has identified two substantial selling barriers: one close to the $180 region and another higher up, just shy of $290. At present, Solana is trading in the $160s, implying relatively low resistance until the $180 level, where previous price distributions took place earlier this May.

The level of volume has consistently risen within this zone, suggesting a resurgence of energy. However, the $180 mark continues to serve as a significant barrier that needs to be surpassed.

As a crypto investor, if Solana manages to surpass the resistance at $180 with a robust follow-through, the technical gap between $180 and $290 could potentially be filled. This area was previously marked by high trading activity during Solana’s rally. Considering that this recent breakout aligns with trendline support and coincides with EMA confluence, the argument for reaching $290 significantly strengthens.

Final Thoughts

For nearly three months now, the price of Solana has found it challenging to surpass the significant barrier at $180, with this level repeatedly proving resilient despite multiple attempts. However, this latest attempt seems distinct. The push beyond this threshold is supported by tangible on-chain activity, escalating RWA engagement, and a substantial USDC mint worth $250 million, which suggests an influx of greater liquidity in the future.

If Solana manages to strengthen its position at around $180, it could pave the way for a swift increase toward $290. With both fundamental aspects and technical foundations showing promise, an increasing number of investors are viewing this not only as a temporary surge but also as a possible long-term shift in Solana’s overall trajectory.

2025-07-15 18:41