Solana Price Surges After Bouncing Back Above Key Support Level

Solana's price has bounced back above $98 after reclaiming a key support level. The cryptocurrency is currently trading near $103, but analysts say this recovery is still part of a corrective phase rather than a new uptrend.

The next major resistance level for Solana is around $110, which rejected the price recently and remains a hurdle for bulls to clear. If buyers can push through this level with conviction, the next area of resistance sits much higher at the $146, $152 zone.

Solana led all blockchain networks in terms of real-world asset (RWA) net inflows over the past 30 days, attracting $348 million to the chain. This lifted total distributed RWA value on Solana to $4.23 billion, with tokenized products including BlackRock's BUIDL fund and Franklin Templeton's BENJI token.