Solana (SOL) surged 5.83% in 24 hours to $111.85, crossing key technical levels. Analyst Crypto Patel identified a potential bull setup, targeting $150, with further goals of $500 and $1,000 if the pattern holds. On-chain data shows strong momentum, with the token trading above its upper Bollinger Band. Separately, Allfunds Blockchain announced plans to distribute tokenized funds through Solana’s network, linking traditional finance with decentralized infrastructure. The project, called Project Harmonia, aims to support institutional scale.
Solana price jumped 5.83% over the past day to trade at $111.85, with a 24-hour volume near $9.85 billion and a market capitalization of approximately $65.60 billion. Analyst Crypto Patel noted the token had recovered roughly 90% from an accumulation stage following an eight-month bearish phase.
Patel identified $150 as the next level worth watching. An extended move above that price would confirm a stronger bullish structure, with key targets then set at $500 and $1,000. The strategy focuses on the token’s behavior around the $150 mark rather than treating the higher targets as inevitable.
Technical indicators show the price is currently above the upper Bollinger Band of $110.35, while the middle and lower bands sit at $102.68 and $95.02 respectively. The MACD line at 3.53567 remains above the signal line at 3.39181, with a positive histogram of 0.14387, indicating sustained bullish momentum.
Allfunds Blockchain announced an expansion of tokenized fund distribution that will be accessible through Solana. The project, which supports over 3,300 asset management firms, recorded approximately $1.98 trillion in assets under administration as of March 2026. Solana noted that total assets under administration reached $2.13 trillion.
The program, called Project Harmonia, aims to facilitate fund tokenization for existing financial institutions. Managing Director Rubén Nieto stated, “I didn’t find any reason to say why not Solana. Your technology is good enough to support the scale of the business. This is not about one single PoC. This is about scale.”
To reach the $150 target, SOL must rise approximately 34% from $111.69. It first needs to hold recent technical levels, including $110 and the middle Bollinger Bands level of $102.68. These projections remain analyst estimates.
