The cryptocurrency market is experiencing dynamic shifts, and Solana (SOL) remains a focal point for analysts and investors alike. Despite recent fluctuations in price, the underlying fundamentals indicate that a robust recovery narrative is gaining momentum for this decentralized platform. Even as SOL trades below the crucial psychological barrier of $100, positive on-chain metrics and institutional forecasts signal an improving outlook for the network’s future.
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An increase in real-world asset (RWA) utilization, an uptick in network engagement, and a favorable regulatory environment are shaping positive sentiment around Solana as a viable player in the blockchain ecosystem.
Market Challenges but Significant Support Levels Remain
SOL recently dipped by approximately 25% from its recent highs near $127, largely influenced by a broader risk-averse climate in the cryptocurrency market. Technical indicators suggest caution, with bearish trends dominating short-term analyses, and some specialists warn that SOL could potentially dip to the $85 mark if the $95 support level fails to hold.
Historically, the range between $95 and $100 has served as a significant demand zone in previous cycles. The daily relative strength index indicates an oversold condition, a situation that often aligns with local price lows for SOL.
Many analysts argue that maintaining this critical support could pave the way for a rebound towards $150. More favorable scenarios could see prices escalate to between $215 and $260 if key resistance zones are reclaimed.
Strengthening Network Activity and RWA Expansion
Despite market volatility, foundational metrics for Solana are maintaining strength. The total value locked in Solana recently surged to an all-time high of 73.4 million SOL, which equals around $7.5 billion, reflecting an 18% increase within just one week.
Additionally, daily transaction counts have soared past 100 million, reaching multi-year records, and decentralized exchange volumes have also demonstrated significant activity in recent months.
Beyond decentralized finance (DeFi) indicators, the market for real-world assets on Solana is also expanding rapidly, with tokenized RWAs now approximated at about $1.15 billion. This aligns with Solana’s emerging identity as a low-cost, high-throughput platform that is especially effective for stablecoins and financial product tokenization.
The platform’s speed, affordability, and execution efficiency make it particularly appealing for high-volume applications.
Optimism from Financial Institutions
Standard Chartered has reiterated a long-term bullish outlook for Solana, adjusting its end-2026 price target downward to $250 from an earlier $310 due to immediate volatility, while uplifting its 2030 projection to an impressive $2,000.
The financial institution emphasized Solana’s lead in micropayments, stablecoin transitions, and its applications in the burgeoning real-world sector as pivotal elements fueling its long-term prospects.
The bank noted that Solana’s capacity to handle substantial transaction volumes at minimal costs positions it advantageously as clearer regulations around digital assets emerge.
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Although short-term price behavior remains unpredictable, the interplay of rising network activity, expanding engagement with real-world assets, and improving regulatory conditions supports Solana’s broader recovery narrative.
Cover image from ChatGPT, SOLUSD chart on Tradingview
