Solana Fundamentals Stay Strong Amid Price Setback

Solana's fundamentals are showing resilience despite recent price pressure on its token. Over the past 30 days, Solana has attracted nearly $400 million in RWA (Real-World Assets) net inflows, indicating strong network use.

This trend is distinct from short-term market sentiment, which was affected by the CLARITY Act not passing. The recent price setback for SOL doesn't change its individual fundamentals outlined by these developments.

An analyst notes a bull flag 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 potentially open the door towards $130.