Why is the price of $SOL rising?
The price increase of Solana in the last 24 hours (+0.66% to $162.27) reflects positive technical momentum, institutional accumulation, and growing adoption of real-world assets (RWA) on its network.
1. Bullish technical setup - SOL remains above key moving averages and Fibonacci supports.
2. Corporate purchases - Upexi Inc. and Mercurity Fintech announced purchases of SOL exceeding $700 million.
3. Momentum in RWA - Tokenized assets on Solana grew by 140% so far this year, reaching $418 million.
#USCryptoWeek The rise of Solana is due to reduced supply from corporate purchases, bullish technical patterns, and real-world asset adoption that outpaces its competitors. Although speculation about ETFs persists (with a 95% probability of approval according to Bloomberg), it is important to watch for a weekly close above $170 to confirm a larger breakout.
What's next? Can Solana maintain its growth in RWA while Ethereum and Aptos ramp up their tokenization efforts?
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