Solana Price Prediction: Analysts Flag $87 As Breakout Level As RWA Assets Hit $2B

• SOL trades at $85.95, down 1.10%, with the 20-day EMA at $85.31 as support and the 50-day at $87.08 capping every daily close since March.
• Solana RWA assets grew from $170M to $2B in 12 months with 80 to 100 million active wallets and $17B in stablecoins on the network.
• SOL spot ETF cumulative inflows crossed $1B for the first time with total net assets at $887.92M.

SOL trades at $85.95 on April 23, down 1.10%, holding just above the 20-day EMA at $85.31 as Solana’s RWA assets cross $2B and spot ETF cumulative inflows hit $1B for the first time.

SOL Daily Chart: 20-Day EMA Holds But 50-Day At $87.08 Has Not Cracked

The Bollinger Bands frame the current range: upper at $89.43, middle at $84.63, lower at $79.84. The 20-day EMA at $85.31 has held as support for the past week. The 50-day EMA at $87.08 sits just above and has rejected every daily close since March.

Above the 50-day, the upper Bollinger Band at $89.43 and 100-day EMA at $96.63 form the next resistance cluster. A daily close above $87.08 puts $89.43 in view, then $96.63. Losing the 20-day at $85.31 on a daily close puts the middle band at $84.63 in play, then the lower band at $79.84.

Key levels for April 24:

• 20-day EMA support: $85.31
• Middle Bollinger Band: $84.63
• 50-day EMA resistance: $87.08
• Upper Bollinger Band: $89.43
• 100-day EMA: $96.63
• Lower Bollinger Band: $79.84
• February low: $67

SOL 2H Chart: Fresh RSI Bull Signal At The Channel Low With MACD Still Negative

The 2H ascending channel from the April 2 low near $78 continues rising. Lower boundary near $83 to $84, upper boundary near $90 to $92. Price at $86.02 sits near the midline after two bearish RSI divergence signals at the April 14 and 17 highs, both of which preceded pullbacks back to the channel floor.

The RSI divergence indicator now shows a fresh bull signal at the recent low near $83, the same pattern that preceded the prior bounces. MACD remains negative at -0.25 with the fast line below the signal line, meaning momentum has not confirmed the signal yet. The channel lower boundary at $83 to $84 aligns with the daily 20-day EMA, making that zone the support that matters most right now.

Why Institutions Are Choosing Solana For RWAs Over Every Other Chain?

Solana ecosystem executive Nick Ducoff said RWA assets on the network grew from $170M to $2B in 12 months, a roughly 12x increase. Institutions keep citing three things: reliability, 80 to 100 million active wallets for distribution, and $17B in stablecoins already live on the network. Some of the world’s largest asset managers have issued on Solana.

The $2B RWA figure lands alongside SOL spot ETFs crossing $1B in cumulative inflows for the first time. Total net assets sit at $887.92M, 1.77% of Solana’s market cap. Weekly ETF inflows hit $35.17M last week. April 22 recorded zero daily inflow, but the three prior days combined for $31.32M, reflecting consistent rather than daily institutional flow at current price levels.

SOL Price Prediction: April 24 Outlook

• Upside: 20-day EMA at $85.31 holds, 2H RSI bull signal follows the prior channel low pattern, and SOL closes above the 50-day at $87.08. Upper Bollinger Band at $89.43 is next, then the 100-day at $96.63. RWA growth and $1B in ETF cumulative inflows give institutions a reason to defend the 20-day floor.
• Downside: 20-day EMA breaks on a daily close, middle band at $84.63 is next, then the 2H channel lower boundary near $83 to $84. MACD staying negative confirms the pullback is not finished. A close below $79.84 opens the February low near $67.