Solana Reaches for $110 Resistance Amid Strong Real-World Asset Inflows
Solana's price has recovered above the crucial $98 support level and is currently trading around $103. This marks a bullish but corrective consolidation phase for the asset, with bulls aiming to break the key resistance at $110.
The next target for Solana could be as high as $146-$152 or even $170 if it successfully breaks through the $110 barrier. Solana leads blockchain networks in net real-world asset inflows over the past month, with $348 million pouring into the network and pushing its distributed RWA value to $4.23 billion.
This growth is primarily driven by major institutional tokenized products, including government bonds, which have seen significant adoption on the Solana network. Despite this, traders are closely watching the $98 level as critical support, with momentum expected to confirm the next trend leg.