Solana (SOL) is trading at $172.25 today, an increase of 5.70%. Volume in the previous 24 hours has risen to $7.44 billion. That is an increase of 17.35%, an indicator of increased buying interest. SOL has increased by 16.26% in the last week. Investors are definitely regaining confidence. The sentiment has turned bullish in a matter of days.
Technical analysts confirm the trend. SOL rebounded off of its $120 support level, an important point. The rebound fueled a strong breakout through $160. The breakout was accompanied by heavy volume, which confirms the movement. Charts are now displaying distinct momentum. The rally can see prices approach $222.90 soon. A target of $316.01 is a possibility now.
Solana breaks out of symmetrical triangle pattern
Solana’s price action has formed a symmetrical triangle. This is a chart pattern made by converging trendlines. The triangle formed over weeks of consolidation. Now, SOL has broken above the upper trendline. That move confirms a bullish breakout. Price action remains above $160, holding structure. That level is now a new support zone.
The $120 mark played a crucial role. Buyers stepped in heavily when the token dipped there. Volume surged, pushing price up through the triangle top. Analysts now project two targets based on the triangle’s height. First at $222.90, second at $316.01. Holding above $160 keeps this outlook alive. Price must not drop below that.
Robinhood may adopt tokenized stocks in Europe
A new alliance can make all the difference. Superstate and SOL Strategies are teaming up. Their vision is tokenizing public shares on Solana. The platform, entitled “Opening Bell,” would list stocks on blockchain. And it isn’t just in talks, it’s an executed agreement. No tokens yet, but the framework is in place. And it has the potential to disrupt traditional finance.
Big players are paying attention. BlackRock is already incorporating Solana into financial products. Robinhood has plans in Europe. Tokenized stocks might soon become mainstream. Solana‘s speed and compliance attributes make it an attractive option. More institutions can join in if regulations adapt. The fight for modern finance has commenced, and Solana leads.
