The Solana price touched $160 on the day

Solana price touched $160 today. Now, crypto analyst Crypto Zeinab predicts that the altcoin could sustain its bullish momentum and rally to as high as $200.

Solana Price Eyes Rally To $180 And $200 Next

In an X post, Zeinab stated that SOL is forming an inverse head-and-shoulders pattern on the higher time frame. The analyst further remarked that SOL will face a breakout point at the $160 price level, which could lead to a rally to $180 and $200 next.

This bullish outlook for SOL comes amid Superstate’s plan to launch the Opening Bell platform for stock issuance on the Solana network.

The platform will enable companies to issue publicly registered equity directly onto blockchain networks like Solana. The platform is built on the same infrastructure that powers its tokenized funds, USTB and USCC. The goal is to provide 24/7 stock trading, ensuring accessibility for investors.

Its SEC-registered, blockchain-enabled transfer agent will record and tokenize company shares. These shares will be actual company shares and not wrapped tokens. This move will boost SOL’s adoption and possibly provide a huge boost for the Solana price.

Interestingly, this development comes just as crypto exchange Robinhood considers the Solana network for its plan to offer tokenized US stocks to its EU users. Meanwhile, the US SEC is also considering a proposal to allow companies to engage in tokenization by issuing and trading securities using blockchain technology.

SOL Strategies To Become The First Issuer On The Opening Bell Platform

Earlier this week, SOL Strategies announced that it is working to become the first public company to bring registered shares on Solana through the Opening Bell platform. The firm already signed a non-binding memorandum of understanding (MoU) with Superstate towards achieving this goal.

As part of the MoU, SOL Strategies and Superstate will explore the latter acting as a junior transfer agent for the former. SOL Strategies stated that they believe tokenized equity can strengthen the SOL ecosystem since more on-chain assets leads to more activity and a healthier network. This could also spark a surge in the Solana price.

It is worth mentioning that the firm is actively invested in the Solana ecosystem. Recently, SOL Strategies acquired 122,522 SOL for $18.2 million. The company holds 391,782 SOL in total.