Solana Price Outlook: Tokenized Assets Drive Network Activity to Record Highs

Solana has maintained its momentum from July, buoyed by an uptick in on-chain transactions, the introduction of tokenized stocks, and steady ETF inflows that have rekindled bullish sentiment.

Data from crypto.news indicates that Solana (SOL) has expanded its gains this week, climbing approximately 11% across several trading sessions to stabilize near $81 after briefly reaching the $82 mark. This upward trend accelerated with increased institutional engagement on the network, highlighted by Securitize’s tokenization of $295 million in common stock listed on the NYSE via Solana following its SPAC launch.

This development aligns with the Solana Foundation’s rollout of its Governance Proposals framework, which introduces formal on-chain validator voting, marking another milestone in the ecosystem’s utility.

At the same time, network activity has skyrocketed, achieving a record of over one billion weekly non-vote transactions and a quarterly high of $5.77 billion in tokenized asset spot volume, further cementing the network’s influence in real-world asset issuance.

Institutional interest remains strong, with spot Solana ETFs reporting about $5.75 million in net inflows, even as many other crypto investment products contend with ongoing capital flight.

Technical structure shifts back in favor of buyers

The daily chart indicates that Solana has recovered from its downturn in June after buyers supported the long-term support zone around $73, near the 0.786 Fibonacci retracement level recognized by many traders during last month’s drop. The price has now reclaimed the previous breakdown area of $80.14 as support and is approaching horizontal resistance at approximately $83.13.

Momentum indicators have improved alongside this rebound. The daily RSI has climbed above 62 as it recovers from the oversold conditions of June, while the Supertrend indicator remains bullish, with dynamic support near $69.6. A successful close above $83 could reveal resistance around $90. Conversely, failing to hold above $80 might prompt another test of the $75.4 support region.

Short-term charts also favor buyers. On the 4-hour timeframe, SOL continues to trade above its 20-, 50-, 100-, and 200-period moving averages, with the 20 SMA near $81.4 acting as immediate dynamic support. The alignment of the moving averages is still positive, even as the price has entered a brief consolidation phase following last week’s rapid surge. The Aroon indicator continues to reflect bullish sentiment, although the slight dip in Aroon Up suggests momentum might have moderated as the market waits for additional catalysts.

Derivatives positioning reflects a similar trend. CoinGlass liquidation heatmaps show one of the largest nearby short liquidation clusters around the $84 level. A decisive move through this area could trigger forced short covering and accelerate an upward move toward the upper liquidity pocket near $87. Conversely, significant long liquidation levels have formed between $78 and $79, making this area crucial as support if profit-taking intensifies.

Analysts eye triple-digit prices while key resistance persists

Market participants are becoming more optimistic as Solana shows resilience against Bitcoin. Analyst Michaël van de Poppe noted that SOL “is still in an uptrend here,” highlighting that it has broken out of its year-long downtrend relative to Bitcoin.

“I don’t expect us to stall; I foresee continued strength here,” he remarked, mentioning his readiness to buy at lower levels if a more substantial correction occurs, ultimately suggesting that “it’s only a matter of time before $SOL surpasses the $100 mark.”

Despite the improved technical landscape, Solana remains about 74% below its all-time high near $293 and down more than 40% year-to-date. Uncertainties regarding future Federal Reserve policies, geopolitical variables, and relatively low liquidity in the crypto spot market continue to hinder aggressive positioning. Until bulls can secure consistent closes above the $90 and $100 resistance zones, the current recovery could remain vulnerable to renewed selling pressure, despite strengthening institutional fundamentals.