Solana holds $103 as $348 million RWA inflows boost network dominance

Technical overview and key price levels

More Crypto Online, a technical market analyst, described the present SOL price movement as a Wave 4 correction under Elliott Wave analysis. This scenario typically involves a complex consolidation, featuring several overlapping three-wave structures. According to this perspective, Solana could see a short-term B-wave bounce above its September peak before the correction potentially continues with a C-wave decline.

Key Fibonacci support levels are present at $102.50, $101.51, $100.53, and $99.14. These points serve as prominent markers for market participants tracking possible price rebounds or further downside.

Technical analysts see Solana’s trading activity as a consolidation phase, observing that, “the formation displays multiple overlapping three-wave sequences, characteristically indicating consolidation periods instead of decisive directional momentum.”

Support between $90.46 and $94.83 has established a foundation for bulls, providing a buffer against potential declines in the near term.

On the upside, sustained movement above $98.39—which coincides with the previous quarter’s high—is considered bullish by many traders.

Analyst perspectives: Resistance and future price targets

The $110 resistance band remains a focal point for bulls as Solana attempts to confirm a new upward trajectory. This area previously halted upward momentum, marking it as a critical obstacle in establishing stronger gains if breached.

TraderSZ, a well-followed analyst, reported increasing his long position in SOL, identifying $90 as the key invalidation mark for his outlook. He expects another upward push if prices remain above $98.39.

TraderSZ indicated confidence in continued upward movement as long as SOL avoids a clean break below $90, stating, “We have added a little more to SOL longs here, system expects another trend leg up soon.”

If SOL manages to close decisively above $110, the next major resistance is projected in the $146 to $152 area.

Another market commentator, Trader Don, has highlighted a longer-term goal, noting that $SOL is eyeing a move to $170, backed by expanding demand for real-world asset (RWA) infrastructure built on Solana.

Solana’s RWA momentum outpaces rivals

Solana attracted $348 million in net real-world asset inflows over the past month, outpacing other leading blockchain networks in this sector. This activity boosted Solana’s total distributed RWA value to $4.23 billion, making it the top-performing network in recent institutional capital flows.

By comparison, Ethereum’s distributed RWA value rose by 0.77%, while Stellar gained 5.22%. XRP Ledger recorded a 5.51% decline, and Avalanche decreased by 14.06% in the same time frame.

The Solana blockchain currently supports a growing ecosystem of tokenized financial products, including BlackRock’s BUIDL fund, Franklin Templeton’s BENJI token, VanEck’s VBILL, and offerings from Ondo Finance and WisdomTree. These products are focused primarily on institutional investors, providing access to tokenized Treasury securities and money market assets.

Mini dictionary: Real-world asset (RWA) tokenization is the process of representing ownership of traditional financial assets, such as bonds or funds, on a blockchain. This allows improved liquidity, transparency, and efficiency for institutional participants.

The reported $4.23 billion refers to the total distributed value of these tokenized assets on Solana, rather than protocol revenue or amounts managed by the Solana Foundation itself.

As the market digests these developments, SOL remains steady around $103, while the $98 level has emerged as a key threshold for short-term traders.