Solana News Today: Solana Surges 140.6% Year-to-Date, Breaks $160 Mark on RWA Activity

Solana has recently surged past the $160 mark, with bullish momentum driving the cryptocurrency towards the $180 target. This upward movement is supported by a significant increase in real-world asset (RWA) activity. The total RWA issuance on Solana has reached $418.1 million, marking a 140.6% year-to-date increase. This growth includes a variety of tokenized assets, such as USDY and OUSG, which are leading the way. This surge in RWA activity reflects Solana's evolving role as a platform for institutional-grade financial products, with assets like TBILL, ACRED, and BUIDL gaining traction on the network.

Technically, Solana has broken through a key resistance level at $160, opening the path towards the $180 region. This breakout is aligned with the May 2025 highs and is supported by a solid technical structure. The $160 zone has become a crucial pivot area, with a confluence of horizontal support and diagonal trendline. A close above $167 could accelerate the trend continuation towards the $180 zone.

Analysts have highlighted that Solana is now in an uptrend on the daily timeframe. The technical setup suggests limited resistance until the $180 zone, where a key sell wall is marked. If Solana can push through this level with strong follow-through, the technical vacuum between $180 and $290 opens up, potentially unlocking a move towards the $290 target. This scenario is supported by the recent breakout aligned with trendline support and EMA confluence, indicating a stronger case for the $290 target.

The bullish momentum in Solana is not only driven by technical factors but also by fundamental developments. The surge in RWA activity signals deeper liquidity and institutional interest, which could support a sustained upward trend. If Solana can flip the $180 level into support, the path towards the $290 target could open up quickly, marking a potential shift in the broader trend of the cryptocurrency.