Key Insights:
- •Analysts target $211-$230 near-term for Solana price with $300+ potential.
- •Solana Foundation partners with Korean firm Waybridge for KRW stablecoin launch.
- •SOL leads stablecoin supply inflows alongside Ethereum in 24 hours.
SOL Foundation signed a business agreement with Waybridge, a Korean blockchain infrastructure company, to develop KRW stablecoin issuance and digital asset financial products.
The partnership aims to combine blockchain infrastructure with domestic regulatory compliance.
In other SOL news, Solana price crashed to $173 during recent market volatility before rebounding to $210 and subsequently falling to $192.
Solana Foundation Targets Korean Market
The Solana Foundation signed a strategic MOU with Waybridge on October 14 to develop digital asset-based financial products. The partnership focuses on four major cooperation areas.
These include joint development of tokenization engines supporting won stablecoin issuance, operation, and verification processes, and joint promotion of money market fund tokenization projects.
Additionally, the focus is on on-chain education programs for major Korean commercial banks and collaboration to expand the global blockchain ecosystem. This has fueled optimism over its potential impact on the Solana price.
Waybridge operates as a digital asset financial infrastructure company serving corporations and institutions. The firm provides prime brokerage services, allowing institutions to execute desired payments on behalf of clients.
The two companies aim to raise institutional finance levels by combining blockchain infrastructure with domestic regulatory consistency beyond simple stablecoin issuance.
Solana Leads Stablecoin Inflows Alongside Ethereum
Stablecoin supply data shows Solana leading 24-hour net inflows alongside Ethereum, according to charts from Artemis analytics.
The two networks dominate positive supply changes while other major blockchains show negative or minimal flows.
Analyst Rand noted that “SOL and ETH neck and neck leading the stablecoin inflows” and highlighted the competitive positioning between the two largest smart contract platforms.
The stablecoin metric provides real-time insight into capital flows and ecosystem activity beyond simple price movements.
Ethereum shows comparable stablecoin inflows to Solana and validates both networks as preferred destinations for digital dollar deployment.
Aptos shows modest positive inflows while Tron shows significant outflows in the 24-hour period tracked.
The stablecoin data supports fundamental strength arguments for Solana price target of $300+. Increasing stablecoin supply on-chain indicates growing economic activity and user adoption.
Solana Price Volatility Tests Support as Analysts Eye $300 Breakout
Solana price crashed to $173 during the recent market-wide liquidation before rebounding sharply to $210 within 24 hours.
The recovery proved short-lived as the SOL price dropped back to $192, losing the $196 support level identified by analyst Degen Sing.
Analyst CryptoPulse stated, “SOL is showing strong stability around $200, just like before. The last few pumps brought the price right up to that zone — and the next leg could be the one that breaks past $300+.
The observation suggests $200 as a key psychological and technical support for SOL price.
Degen Sing provided detailed technical levels and noted Solana price pulled back a bit after that clean breakout.
The analyst outlined upside targets at $211, $224, and $230 if bulls defend current levels. Below $196, the next support sits at $172, where recent crash lows formed.
The structure “still looks bullish as long as higher lows hold,” according to Degen Sing. The loss of $196 support is a technical setback requiring reclaim for bullish continuation. Support now sits at $192-$196 zone with resistance at $211 and $224.
The $300+ Solana price target requires sustained momentum through multiple resistance zones.
The path from the current $192 to $300 represents 56% upside, requiring a breakout above $230 resistance and continuation through $250-$280 range.