Solana broke above $160.69 with volume backing, reclaiming structure and pushing toward the $180 breakout zone.
Real-world assets on Solana surged to $418.1M, led by USDY and OUSG, confirming strong on-chain demand.
Volume inflows accelerated sharply in June, making Solana one of the fastest-growing RWA ecosystems in crypto.
Solana broke out of a multi-week range with strength, climbing past $160.69 and reaching $167.20 during the latest session. The move confirmed a structural shift in momentum, putting $SOL back in a dominant technical position.
Range Breakout Signals Bullish Continuation
Solana has cleared the $160 resistance, breaking free from its prior consolidation zone between $150 and $160. This breakout comes after a strong defense of the $140 level, where price formed a higher low and reversed upward. Volume is accelerating as price enters the $160–$180 region, now acting as a high-conviction bullish range.
Based on chart insights from market analyst UfoCalls, this move marks a clean continuation of the broader trend. He explains that the $140 zone served as critical support and validation for bulls, while the latest breakout reclaims control. Solana now approaches the $180 mark, a level tied to April’s rejection zone and recent price memory.
https://twitter.com/UfoCalls/status/1944684040826855831
To build on that, structure now favors upward continuation, with each daily close holding above prior resistance. Price has rallied without hesitation, printing strong candles stacked with volume. Traders are closely monitoring for a confirmed close above $170 to fully unlock $180.
RWA Growth Adds Fuel to Solana’s Upside
While price action remains dominant, fundamental tailwinds are also stacking up for $SOL. Solana’s total real-world asset (RWA) value reached $418.1 million as of July 7, showing a 140.6% year-to-date surge in tokenized asset activity.
USDY leads with $175.3 million locked, followed by OUSG with $77 million, and ACRED with $26.9 million in value. Other notable contributors include BUIDL at $26 million, BENJI at $25.3 million, and TBILL at $12.6 million. Collectively, these instruments form the majority of Solana’s on-chain RWA footprint.
The chart shows that RWA inflows accelerated in June, continuing an upward trajectory that began in March. Volume continues rising across multiple instruments, showing real adoption and network-level growth. Solana is rapidly scaling in this sector, and price momentum is rising alongside that expansion.
Solana still trades in bullish territory, and structure holds as long as the $140 base remains protected. Traders are watching closely as bulls push toward $180, with little resistance in sight. Momentum, volume, and utility are currently stacked in Solana’s favor.
