Solana (SOL) is showing signs of improving market momentum as its weekly chart develops a bullish falling-wedge setup. At the same time, strong growth in real-world asset adoption is expanding the network’s utility and attracting broader interest beyond traditional cryptocurrency use cases.
As of now, according to CoinMarketCap data, Solana is trading at the price of $103.50, with a decline of 2.31% in the past 24 hours and an increase of 0.86% over the past week.
SOL Eyes $478 as Weekly Falling Wedge Builds Bullish Breakout Setup
According to a prominent crypto analyst, Kripto Uzman, Solana appears to be forming a falling wedge on its weekly chart. The pattern has drawn attention to the cryptocurrency’s technical structure and could signal a potential shift in momentum.
The SOL weekly chart shows price trading between narrowing trendlines, creating the falling wedge identified by the analyst. The pattern has increased bullish sentiment toward Solana, with traders watching for an upside break that could signal stronger buying momentum.
If SOL successfully moves above the falling wedge and maintains upward momentum, the chart indicates a potential upside target around $478. This level represents the projected move highlighted in the technical setup rather than a confirmed outcome.
Crypto Uzman’s analysis therefore places emphasis on the wedge breakout as the key development to watch. A sustained move beyond the pattern could keep the projected $478 target in focus, while the chart itself does not confirm that the level will be reached.
Solana RWA Adoption Surges as Holder Count Crosses 400,000
The data shared by Capital Markets shows that Solana’s real-world asset (RWA) ecosystem has reached a new milestone, with the number of RWA holders surpassing 400,000. This marks a significant increase from fewer than 10,000 holders in January 2025, highlighting the rapid expansion of tokenized assets and growing participation across the Solana network.
The sharp rise in participation suggests growing interest in bringing traditional financial assets onto blockchain infrastructure. RWAs can represent assets such as real estate, credit, commodities, and other financial instruments in tokenized form, potentially making them easier to access, transfer, and integrate with decentralized applications.
Solana’s RWA holder base has expanded by more than 40 times since the beginning of 2025, reaching a new all-time high of more than 400,000 holders. This substantial growth indicates that the network is attracting a broader audience and gaining traction beyond its traditional crypto-focused use cases.
This growth could further strengthen Solana’s position in the expanding RWA sector, where blockchain networks are competing to support tokenized financial markets. As more assets and users move on-chain, continued growth in RWA holders could become an important metric for measuring Solana’s adoption and ecosystem development.
