Solana (SOL) Eyes $308 Surge as Ondo Finance Bridges Traditional Stocks and ETFs to the Blockchain
Forget waiting for market hours—Wall Street just got a blockchain address.
Solana's DeFi ecosystem is making a power play for traditional finance. Ondo Finance, a heavyweight in the tokenized real-world assets (RWA) space, is launching its flagship products directly on Solana. This isn't just another stablecoin; we're talking about tokenized versions of U.S. Treasuries and money market funds—the bedrock of institutional portfolios—now tradable 24/7 on a high-speed chain.
The Institutional On-Ramp Clicks Into Gear
This move bypasses the traditional, clunky gatekeepers. By bringing familiar, yield-bearing assets onto Solana, Ondo effectively builds a bridge for massive institutional capital. It's a direct signal that big money views Solana's infrastructure as mature enough for serious business, not just speculative meme coin trading. The liquidity implications are enormous.
A $308 Price Target Comes Into Focus
So, where does the $308 figure for SOL come from? It's a technical projection, a price target that analysts are watching based on Solana's market structure and momentum. This kind of fundamental catalyst—real-world asset integration—is exactly the fuel that could propel SOL toward that level. It transforms the narrative from "fast blockchain for apps" to "financial settlement layer for assets."
Provocative but balanced closer: The race isn't just about transaction speed anymore; it's about which chain can swallow Wall Street whole. Solana, with moves like this, isn't just playing the game—it's rewriting the rulebook for what a financial network can be. After all, what's more cynical finance than turning the slow, fee-heavy machinery of traditional markets into a sleek, open-source protocol? The old guard might want to check the ticker.
Solana Tests Critical Support Zone With $308 in Sight
However, the crypto analyst highlighted that the token is again gaining attention from traders, with its price moving near the historically strong support level between $92.71 and $95.00, where large buying interests have previously been seen.
After experiencing pressure from downtrends for a few weeks, this level is now gaining attention for potential accumulation, where the selling momentum may slow down and buying pressure may build up.
Source: Only 21 M Bitcoin On X
If the token maintains its support level and there is evidence of reversal, a possible upward trend may be seen up to the target of $236.58, followed by the target of $272.35. However, for the overall rise to the target of $308.55, until the confirmation signal is seen, the trader should remain cautious.
Trendline Breakdown Could Expose a Move Toward $50
Moreover, another crypto analyst, Ali, revealed that Solana (SOL) finds itself at yet another critical juncture in terms of technical analysis, with prices remaining beyond a critical support line that has kept a multitude of pullbacks at bay in the past few weeks. This support line has thus far provided a foundation for the larger recovery in SOL’s prices. As long as this continues, the current phase of consolidation could merely be a pause before a breakout.
Source: Ali Charts On X
However, if this support is breached, market dynamics can see a dramatic shift in market sentiment. This support is expected to dissolve the bullish pattern formed in the short-term bull run and will open up opportunities for a sharp correction, with the $50 area expected to become the next significant support target.
This level corresponds with a significant support area where buyers showed strong interest, making it an obvious level for prices to MOVE towards if bearish market dynamics intensify.
Also Read: Cardano Holds Key Support at $0.36 As Solana Bridges Unlock EVM Liquidity
