Solana (SOL) is attracting long-term attention as its monthly chart points to a potential accumulation phase following a major correction. Meanwhile, its integration with Polygon’s Open Money Stack expands payment access by connecting traditional banking services with blockchain-based transactions, potentially supporting wider stablecoin adoption and payment infrastructure growth.
As of now, according to CoinMarketCap data, SOL is trading at $93.81, down 6.59% over the past 24 hours and 9.84% over the past week.
SOL Monthly Chart Puts $1,000 Long-Term Target in Focus
According to crypto analyst Crypto Patel, Solana could have considerable long-term upside potential based on its monthly chart. The analysis identifies a possible accumulation structure following a major correction, suggesting that SOL may be building a foundation for its next bullish cycle.
The analyst highlights the $50–$70 range as a potential accumulation zone, where long-term buyers could gradually build positions. Holding this area could help establish a stronger market structure before Solana attempts a sustained recovery.
If SOL maintains its broader support structure and confirms a bullish trend, the analyst outlines three potential upside targets at $300, $600, and $1,000. These levels represent possible stages of a longer-term recovery rather than guaranteed price outcomes.
The $300, $600, and $1,000 targets would require continued buying interest and a confirmed bullish trend. Crypto Patel’s analysis favors patience over speculative buying, as Solana would need to establish a stronger market structure before making a sustained move toward these levels.
Solana Integrates Polygon’s Open Money Stack to Expand Payments
Solana announced an expansion of its payment infrastructure through a new integration with Polygon’s Open Money Stack (OMS). The integration connects Solana with traditional banking rails, digital wallets, and currency conversion services through a single setup, giving businesses more ways to reach customers and process payments.
The October 29 announcement revealed that Solana-based businesses can now use Polygon’s Open Money Stack to link traditional bank payments with blockchain transactions. Through a single API, companies can transfer funds from customers’ bank accounts into stablecoin balances and process payouts more easily.
The integration aims to simplify connections between traditional financial systems and blockchain networks. Instead of building separate connections for banking services, wallets, and payment conversions, companies can access these capabilities through unified infrastructure. This could reduce technical complexity and make payment services easier to deploy.
The development also strengthens Solana’s presence in the digital payments sector. By connecting with Polygon’s payment infrastructure, businesses can build services around platforms their customers already use. The integration could also support wider stablecoin adoption by making transfers between traditional payment methods and blockchain-based assets more accessible.
