Solana Could See Rally Toward $164 Amid Technical Breakout Signals and Growing Network Activity

Key Points

1. Solana's price action on the 4-hour chart shows a symmetrical triangle, with a breakout above $153 potentially leading to a rally toward $164.

2. Momentum indicators like MACD and RSI support the bullish outlook, with MACD showing a bullish crossover and RSI avoiding overbought conditions.

3. Solana's fundamentals are strengthened by its inclusion in a proposed 'blue-chip' cryptocurrency ETF by Trump Media and Technology Group, which could boost spot Solana ETF applications.

4. Tokenized real-world assets (RWAs) on Solana have surged to $418 million, with active users increasing by 631% in the past month, highlighting ecosystem growth.

5. The article also mentions unrelated cryptocurrency news snippets, such as Bitcoin's Bollinger Band compression and various altcoin developments, which are not directly related to Solana's analysis.