Solana could rally to $164 if it breaks out of this key pattern

Key Points

1. Analyst Ali identified a symmetrical triangle pattern on Solana's 4-hour chart, suggesting a potential bullish move if resistance at $153 is broken.

2. SDX noted SOL is coiling below a descending trendline, and a breakout with strong buying volume could push it to new highs.

3. Solana was included in Trump Media and Technology Group’s proposed 'blue-chip' cryptocurrency ETF, boosting its market prospects.

4. Tokenized real-world assets (RWAs) on Solana reached a record $418 million, with a 631% increase in active users over 30 days.

5. Daily active addresses on Solana surged to 15.39 million from 3.46 million the previous day, indicating strong network activity.