Key Highlights
- SOL maintains its position around $103 following a successful recovery above the $98 support threshold
- Bulls are preparing to challenge the $110 resistance zone as the next critical price target
- Strong support foundation exists between $90.46 and $94.83 for potential downside protection
- Solana dominated blockchain networks by capturing $348 million in net RWA inflows during the past month
- The network’s distributed RWA value climbed to $4.23 billion, serving 398,644 holder addresses
Solana currently hovers around the $103 price point after successfully reclaiming ground above the $98 threshold that previously served as a barrier. This bounce has preserved the near-term bullish framework, though market analysts emphasize that current movement remains part of a corrective consolidation rather than a fresh trending impulse.
Technical analyst More Crypto Online interprets the present price behavior through the lens of Elliott Wave theory as a Wave 4 correction. The formation displays multiple overlapping three-wave sequences, which characteristically indicate consolidation periods instead of decisive directional momentum. SOL maintains the potential to climb beyond its September 3 peak as part of a B-wave rally before eventually completing the corrective pattern with a C-wave downturn.
Multiple Fibonacci retracement support zones are tightly packed below the current trading range at $102.50, $101.51, $100.53, and $99.14. These price points provide traders with well-defined monitoring levels for potential bounces.
Breaking Through $110 Becomes Critical Objective
The immediate challenge confronting Solana bulls is the resistance cluster surrounding $110. This zone recently turned back SOL’s advance and represents the barrier that must be definitively breached to establish a more convincing bullish case.
Market analyst TraderSZ has expanded his long exposure to SOL and pinpointed $90 as the invalidation threshold for his position. His outlook anticipates another upward trend leg provided price action sustains levels above $98.39, which corresponds to the previous quarterly peak.
Should buyers successfully drive SOL past $110 with strong momentum, the subsequent resistance band emerges considerably higher within the $146–$152 range.
Trader Don 🐂 (@DonWedge) shared his perspective on X platform, stating that $SOL is targeting $170, expressing optimism rooted in Solana’s expanding presence within real-world asset infrastructure.
Solana Dominates Real-World Asset Network Rankings
Solana captured $348 million in net real-world asset capital flows during the most recent 30-day measurement window, surpassing every other monitored blockchain platform. This substantial influx pushed the network’s total distributed RWA value to $4.23 billion.
By comparison, Ethereum registered a modest 0.77% gain during the identical timeframe, while Stellar posted a 5.22% increase. Meanwhile, XRP Ledger experienced a 5.51% decline and Avalanche saw a 14.06% decrease.
The tokenized product ecosystem on Solana encompasses BlackRock’s BUIDL fund, Franklin Templeton’s BENJI token, VanEck’s VBILL, along with products from Ondo Finance and WisdomTree. These offerings primarily consist of Treasury securities and money market instruments accessible to qualified institutional participants.
The reported $4.23 billion figure reflects distributed RWA value across the network rather than direct protocol revenue or assets under Solana Foundation management.
SOL continues trading in the vicinity of $103 with the $98 level serving as the critical support threshold that must be defended.
