Solana Fundamentals Shine Through Price Volatility
Solana's fundamentals remain strong despite recent price setbacks, according to recent data. The network has attracted nearly $400 million in real-world assets (RWA) over the past 30 days, with Solana leading RWA net inflows.
This activity is part of a broader trend, as U.S. Bank Column has made Solana the default network for stablecoin banking. Doosan Robotics, a leading robotics company from Korea, has also partnered with peaq to bring industrial robots onchain using Solana's network.
The recent drop in SOL price can be attributed to the CLARITY Act not passing, but this doesn't change the underlying fundamentals of the network. An analyst notes that a bull flag is forming on Solana's 4-hour chart, with $105 identified as the key level to watch.
A sustained close above $105 could confirm the bullish breakout setup and open the door toward $130 for SOL. The next move for Solana therefore comes down to whether SOL price can reclaim that level while the network continues attracting RWA capital and new use cases.