Solana Price Prediction: SOL Eyes $290 After Breaking Key Resistance and Surging RWA Growth

From Wall Street-linked assets going on-chain to major USDC mints, Solana is rapidly covering all fronts. Combine that with a clean breakout above key resistance and rising technical momentum, and the setup is starting to lean firmly bullish.

Solana’s push into real-world assets (RWAs) is starting to show up in the numbers. According to Messari data, Solana has now surpassed $418 million in total RWA issuance, a staggering 140.6% increase year-to-date. This includes everything from tokenized U.S. Treasuries to assets like Tesla shares, with USDY and OUSG leading the charge.

Solana’s RWA issuance crosses $418M, marking a 140% YTD surge. Source: Solana via X

This reflects Solana’s shift toward becoming a serious platform for real-world financial products. Assets like TBILL, ACRED, and BUIDL are steadily showing up on-chain, and it’s giving Solana more credibility as a home for institutional-grade activity. If the momentum keeps building, it might quietly turn into one of the go-to chains for tokenized value.

Following Solana’s rapid rise in RWA issuance, the on-chains have been pacing up as well. SolanaFloor discloses that in the last 24 hours alone, Circle minted another 250 million USDC directly on Solana. This kind of large-scale minting points to deeper liquidity ahead. Whether it’s to back RWAs or to support upcoming on-chain funds, the USDC inflow is a strong and positive signal for the bulls.

Circle mints $250M USDC on Solana in just 24 hour. Source: SolanaFloor via X

Solana has cleared a major horizontal resistance, with $155 acting as the breakout trigger. Analyst, UFO Calls believes this level had capped price action for several days, but the clean push above it now opens the path toward the $180 region, an area aligned with the May 2025 highs.

Solana breaks past $155 resistance, opening the path toward $180 as bullish momentum builds. Source: UFO Calls via X

The structure looks solid, and a potential retest of the breakout zone could offer further confirmation before a continuation is triggered.

This breakout also tracks closely with Solana’s growing momentum in fundamentals, surging RWA activity, and a fresh wave of USDC inflows from Circle. From a technical standpoint, price is now moving through a vacuum zone with limited resistance until $180. The key level to watch on the way up is $167. A close above that would likely accelerate trend continuation.

AltWolfCrypto highlights a clean technical setup on Solana’s 1D chart, where price is now riding a well-respected trendline from the June lows and holding above the 200-day EMA. The $158 to $160 zone has become a key pivot area. It has a confluence of horizontal support, diagonal trendline, and EMA structure. This makes it a crucial level to watch for both breakout validation and trend continuation.

Solana holds above the 200EMA and key trendline support, keeping the bullish structure intact toward the $180 to $185 zone. Source: AltWolfCrypto via X

Technically, Solana remains in an uptrend on the daily timeframe. As long as it continues to bounce off this ascending support. The 200EMA holds as a dynamic floor, and if this holds, the chart then favors the bullish scenario toward the $180 to $185 zone.

A famous crypto analyst, CW8900’s is highlighting a clear technical setup with two major sell walls marked out on Solana’s path: one near the $180 zone and the other much higher, just under $290. With Sol currently trading around the $160s, the structure suggests limited resistance until $180, where prior distribution kicked in earlier this May.

Solana faces a key sell wall at $180, with a breakout potentially unlocking a move towards $290. Source: CW8900 via X

Volume has steadily climbed into this region, hinting at renewed momentum, but the $180 area remains the key ceiling to break.

If Solana can push through and confirm a breakout above $180 with strong follow-through, the technical vacuum between $180 and $290 opens up. This was previously a high-volume node during Solana’s rally. Given that the recent breakout aligned with trendline support and EMA confluence, the case for $290 becomes stronger.

Since May, Solana has struggled to cleanly break through the $180 mark, a level that’s acted as a stubborn ceiling despite several attempts. But this time feels different. The breakout is backed by real on-chain momentum, surging RWA activity, and a massive $250M USDC mint that signals deeper liquidity ahead.

If Solana can flip $180 into support, the path toward $290 opens up quickly. With fundamentals aligning and the technical structure holding firm, more market participants are starting to see this not just as a short-term rally but as a potential shift in Solana’s broader trend.