Solana Price Rises After Breaking Key Resistance Amid Growth in Real-World Assets

Solana Price Rises After Breaking Key Resistance Amid Growth in Real-World Assets

Solana (SOL) has gained significant momentum following its breakthrough above a key resistance level, prompting analysts to anticipate a potential advance toward the $290 mark. This upward movement is underpinned by a notable surge in real-world asset (RWA) activity, strong on-chain fundamentals, and substantial inflows of stablecoins. Together, these factors are positioning Solana as a formidable competitor within the blockchain ecosystem.

Surge in Real-World Asset Issuance

Data from Messari reveals that Solana’s total issuance of real-world assets has climbed to over $418 million, representing a remarkable 140.6% increase year-to-date. This expansion includes a diverse array of tokenized assets, ranging from U.S. Treasuries to equities such as Tesla shares. Prominent products like USDY and OUSG have been at the forefront of adoption, signaling Solana’s evolution into a credible platform for institutional-grade financial instruments. Additionally, assets including TBILL, ACRED, and BUIDL are increasingly appearing on-chain, further cementing the network’s growing role in the tokenization of traditional financial products.

Increasing Liquidity Through Stablecoin Minting

Solana’s bullish outlook is further reinforced by a significant liquidity boost, as Circle minted $250 million in USDC on the network within a single day, according to SolanaFloor. This large-scale stablecoin issuance reflects deepening liquidity that is expected to support both the expansion of RWAs and the launch of upcoming on-chain funds. Analysts interpret this influx of USDC as a strong signal of rising investor confidence and enhanced market participation on the Solana blockchain.

Technical Breakout and Price Prospects

On the technical front, Solana’s price recently surpassed a critical horizontal resistance at $155, a level that had constrained price movement for several days. Analyst UFO Calls suggests that this breakout opens the door for a potential rally toward the $180 region, aligning with previous highs recorded in May 2025. The technical setup remains robust, with the $167 level now serving as a key threshold for continued bullish momentum. A successful retest of the breakout zone could confirm the upward trend, while limited resistance up to $180 provides room for further gains.

Further technical analysis by AltWolfCrypto highlights that SOL is maintaining its position above the 200-day exponential moving average (EMA) and is following a well-established trendline originating from the June lows. The $158 to $160 range has emerged as a critical pivot area influencing price action in the near term.

Competitive Dynamics and Future Challenges

Solana’s rapid ascent has attracted attention from competitors, particularly as it challenges Ethereum’s dominance in the blockchain space. Scalability and the ability to sustain growth remain pivotal challenges for Solana. Ethereum is expected to respond by enhancing its network capabilities to maintain its market position. Meanwhile, Solana’s recent price surge has been supported by significant investments, including those from BIT Mining. Some analysts speculate that Solana could eventually surpass Ethereum in market capitalization, although such forecasts remain speculative.

In summary, Solana’s blend of technical strength, expanding real-world asset offerings, and increasing liquidity has established it as a leading blockchain platform for both institutional and retail investors. However, sustaining this growth trajectory and addressing scalability concerns will be essential as competition intensifies in the coming months.