Solana Recovery Strengthens as RWA Market Tops $1.15B and Regulation Improves
Solana’s recovery narrative is gaining traction despite recent price weakness. SOL has pulled back ~25% from January highs and trades under $100, with short-term technicals showing bearish momentum and key support around $95–$100. On-chain fundamentals, however, are improving: total value locked reached 73.4M SOL (~$7.5B), daily transactions exceeded 100 million, DEX volumes strengthened, and tokenized real-world assets (RWA) on Solana rose to about $1.15 billion. Low fees and high throughput continue to position Solana for stablecoin transfers, micropayments and RWA use cases. Institutional outlooks reflect this mix of near-term volatility and long-term upside — Standard Chartered cut its 2026 target to $250 but raised its 2030 forecast to $2,000, citing Solana’s settlement advantages and growing RWA activity. For traders, the key takeaways are: watch $95–$100 as critical demand support, monitor on-chain growth (TVL, txns, RWA inflows) for bullish confirmation, and be mindful of volatility that could push SOL toward $85 in the short term if support fails.
Bullish
The article presents a mixed short-term/long-term picture but leans bullish overall. Short-term technicals and a ~25% pullback increase downside risk; a break below the $95–$100 support could trigger a move toward ~$85. However, multiple strengthening on-chain indicators (TVL at all-time highs, >100M daily transactions, rising DEX volume) and rapidly growing RWA supply (~$1.15B) materially improve Solana’s fundamental narrative. Institutional upgrades — notably Standard Chartered’s raised 2030 target — signal growing long-term confidence. Historically, similar patterns (heavy on-chain growth amid short-term price corrections) have preceded recoveries once key support holds and on-chain activity continues to rise. For traders: expect elevated volatility but a bullish bias if on-chain metrics and RWA inflows continue; use $95–$100 as risk management zone and watch for volume-backed breakouts toward $150 and higher resistance zones for confirmation of a sustained rally.