Solana price continues to show strength, bouncing back above the $200 mark as the real-world asset ecosystem hits a record high of $500 million.
Solana Price Increase and RWA
Currently, Solana's price has risen by 2.6%, reaching a crucial support level at $200. This increase follows an 18% surge in trading volumes, which reached $6.71 billion. The Solana real-world asset (RWA) ecosystem has achieved a record of $500.10 million, indicating strong interest in tokenization.
SOL Price Predictions for September
Analysts highlight resistance around $250, with a potential break above this level possibly triggering a new price discovery phase targeting $400 and above. However, some analysts, such as Altcoin Sherpa, note the possibility of further corrections, advising to watch the $190 level.
Updates and Improvements for Solana
Recently, Solana released the Alpenglow consensus upgrade aimed at reducing block finality time from 12.8 seconds to just 150 milliseconds. This upgrade is currently in the voting phase, lasting from Epoch 840 to 842, and requires at least two-thirds validator support.
With ongoing dynamics and upgrades, Solana exhibits growth potential; however, it remains under market pressures that require careful monitoring of key levels.
