Key Highlights
- SOL maintains trading position around $103 following successful reclaim of the $98 support zone
- Bulls are focusing on breaking through the critical $110 resistance barrier
- Key support structure exists between $90.46 and $94.83 levels
- Solana dominated blockchain networks with $348 million in real-world asset net inflows during the past 30 days
- Distributed RWA value across Solana’s network has reached $4.23 billion, spanning 398,644 holder addresses
Solana continues to hold steady near the $103 mark after successfully regaining ground above the $98 threshold that previously served as a resistance point. This recovery has maintained the asset’s short-term bullish framework, though market observers suggest the current movement remains within a corrective phase rather than signaling a fresh upward trend.
Technical analyst More Crypto Online characterizes the present price behavior as an Elliott Wave 4 correction pattern. The formation displays multiple overlapping three-wave sequences, which generally indicate consolidation activity instead of clear directional momentum. SOL may still climb beyond the September 3 peak as part of a B-wave recovery before a C-wave pullback finalizes the corrective structure.
Multiple Fibonacci support markers are tightly grouped below current trading levels at $102.50, $101.51, $100.53, and $99.14. These provide market participants with distinct zones to monitor for potential price reactions.
Breaking Through $110 Remains Critical Challenge
Solana’s immediate challenge lies at the swing zone surrounding $110. This level previously turned back SOL’s advance and continues to represent the barrier that bulls must overcome to strengthen the case for upward continuation.
Market analyst TraderSZ expanded his SOL long exposure and pinpointed $90 as the invalidation threshold for his trade setup. He anticipates another upward trend leg provided price action maintains itself above the $98.39 region, which represents the prior quarter’s peak.
Should buyers successfully drive SOL past $110 with strong momentum, the subsequent resistance area emerges significantly higher within the $146ā$152 range.
Technical analyst Don š (@DonWedge) shared on X that $SOL is targeting $170, expressing an optimistic perspective connected to Solana’s expanding presence in real-world asset infrastructure development.
Solana Dominates Real-World Asset Network Activity
Solana captured $348 million in net real-world asset capital inflows during the most recent 30-day measurement period, surpassing every other monitored blockchain platform. This influx elevated the total distributed RWA value across the network to $4.23 billion.
Ethereum documented a modest 0.77% gain during the identical timeframe, while Stellar experienced 5.22% growth. The XRP Ledger declined 5.51% and Avalanche contracted 14.06%.
Tokenized instruments available on Solana encompass BlackRock’s BUIDL fund, Franklin Templeton’s BENJI token, VanEck’s VBILL, alongside products from Ondo Finance and WisdomTree. These primarily consist of Treasury securities and money market instruments accessible to qualified institutional participants.
The $4.23 billion figure reflects distributed RWA value throughout the network, distinct from Solana protocol revenue or assets under Solana Foundation management.
SOL presently trades in the vicinity of $103 with $98 serving as the crucial support threshold that must hold.
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