Solana Rebounds on World Xyz Project, Analysts Eye Key Support Zone

Solana's price is showing signs of recovery after months of decline. The cryptocurrency has gained 2.86% over the past 24 hours, fueled by the unveiling of the World Xyz project within its ecosystem.

The World Xyz project aims to provide a decentralized framework for the tokenization of real-world assets, and its structure was recently revealed. Vibhu from the Solana Foundation described it as an intent-centric consensus layer built on the x402 protocol.

According to analysts, maintaining the crucial support zone between $65 and $75 will be vital to sustain any bullish expectations moving forward. A clear break below this range could invalidate the recovery scenario and expose Solana to further declines down to the $50-$55 band.