Bassili said that institutions are not merely following narratives but they are following data. Bassili noted that while Solana is not yet universally accepted as the definitive “third asset,” it is clearly the one most institutions are evaluating. Solana’s expanding ecosystem activity, liquidity depth, and improving market structure make it lucrative, while XRPL has yet to show similar strength.
As per the chart below, Solana is cooling down after a brief corrective phase, with current price action focused around the $142-$145 range. Solana recently broke through a short-term descending trendline, and buyers defended the lower green support band.
If SOL breaks above $150, the next target lies between $185 and $200, with a potential move toward $300 depending on momentum. Should bulls clear this red zone decisively, the next target is the $300 region, a potential 110% surge from current levels. Notably, the Relative Strength Index (RSI) is recovering from oversold levels and the MACD is signaling an early trend reversal. Investors can expect SOL to turn volatile in the short term.
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