Solana (SOL) is consolidating in a horizontal pattern, offering hodlers a chance to accumulate amid low volatility. A shift in demand from Bitcoin to altcoins suggests an upcoming altseason. Investors are watching Bitcoin dominance closely for signs of a reversal that could signal a parabolic move for altcoins.

Institutions are increasingly interested in the Solana network for tokenizing real-world assets. Nandan Nilekani recently showcased a project on Solana at the Global Fintech Fest. Robinhood Wallet has integrated with Solana, and PayPal's PYUSD has a significant presence on the network. Solana's web3 activity has grown, with a total value locked of over $5.1 billion.

Currently, SOL is trading around $146 after a 5% drop in the last 24 hours. The price is expected to continue consolidating between $120 and $150 before a potential bullish breakout, according to crypto trader Altcoin Sherpa.