Solana is consolidating below the $90 psychological resistance level, despite Meta adopting the network for creator payouts. In addition, the network is also gaining traction in the real-world asset space, while the USDGO stablecoin market cap on the Solana network rose by over 300% in the past month, surpassing $300 million.
Meta offer USDC payment for creators in the Philippines and Colombia
After beating a retreat from the stablecoin market, tech giant Meta is back in action, and it is paying out USDC to specific creators using Solana and Polygon networks. The tech company is currently running its pilot program in the Philippines and Colombia.
In most cases, these are creators involved in a pilot program where the company can assess how well they perform and the effect on their users, among other things, in a controlled setting. Although back in 2019, Meta tried to enter the stablecoin market with the launch of project Libra, which later rebranded to Diem, the project was not successful. As the projected budded out, it faced heavy regulation and political resistance.
Authorities were worried about the implications that the project would have on their countries’ financial systems and monetary policies. Moreover, there were doubts on whether Meta would be able to control a global currency that it was planning to develop.
It lost several crucial partnerships and was also being criticized for failing to guarantee proper data privacy, causing the tech giant to abandon the project altogether.
Real-world assets on-chain rise exponentially
In addition, the Solana network also has a huge market share in the real-world asset corner. As shown in the X post below, the real-world assets on-chain have risen exponentially since April 2025.
A surge in RWA (real-world assets) on the Solana network signifies that more traditional financial assets—like treasuries, bonds, or real estate—are being tokenized and brought on-chain, and that demand for these products is accelerating rapidly. This kind of exponential growth usually reflects rising institutional and investor interest, as RWAs offer more stable, yield-bearing alternatives compared to volatile crypto assets.
Solana has started proving to be a favorable infrastructure for this phenomenon due to its cheap cost, fast transaction speeds, and increasing maturity of the ecosystem. In general, it reflects the changing focus of the cryptocurrency market narrative from pure speculation to real use of the technology as part of traditional financial systems.
This move will likely increase the confidence level of the users on the Solana network, since the inclusion of tangible assets in the network indicates stability and sustainability of the network rather than being hype-driven. The inclusion of institutional assets into the network leads to the perception of reduced risks, increased liquidity, and sustainability in the long term, thus boosting the use of the Solana network.
If sustained, this trend could strengthen Solana’s position in the RWA sector and indicate growing confidence in its ability to support serious financial applications.
Usually when there is a partnership or a pilot project with another giant company, the network’s coin prices spike; however, Solana prices are still unable to recover above the $90 psychological resistance level.
SOL constricted between $80 and $90
As shown in the chart below, SOL has been testing this resistance level ($90) since February and was able to break above it just once. This shows how fiercely the bears were defending this level.
The buyers put in a lot of effort and keep the price from falling below $80. And once they established the $80 support level, SOL prices started to pick up, and once it reached the $90 level, the sellers were once again ready to make profits.
Now SOL is currently trading inside a symmetrical triangle. A symmetrical triangle is a technical chart pattern that represents a period of consolidation where price is compressing between converging trendlines. Inside this structure, buyers and sellers are both active, but neither has full control.
Buyers will begin stepping in on higher levels, resulting in higher lows. This indicates an increase in their ability to hold and raise the prices. Meanwhile, sellers will continue to bring prices down from lower levels, thereby creating lower highs. They indicate continued selling pressures that are, however, weak now.
This game will continue until the range in which prices move becomes narrower. Finally, as a result of this narrowing of ranges, prices will be stabilized and become relatively volatile, with both groups “accumulating” energy. This implies indecision. No side can break through the resistance line and force a breakout into another range. Ultimately, when one side becomes dominant, an explosive breakout happens.
SOL might break out upwards as it is overbought on weekly chart
Trying to decide the direction of the breakout on the short time frame could be misleading, as the short time frame charts have jagged fluctuations and wild price actions. However, the higher time frames are much cleaner and noise-free, and they could help determine which direction the breakout could happen.
As shown in the weekly chart above, Solana is well below the uptrend line, and it will take a lot for the prices to once again recover this trendline. However, here’s the case for Solana; going by the relative strength index, there is a high chance that Solana’s breakout on the daily chart would be upwards, as the RSI is very close to the oversold zone.
The idea of a breakout upwards on the daily comes from the natural market correction, which happens when the price is on the borderline of being oversold. As such, SOL might break out upwards on the daily chart.