Share
Solana (SOL) traded at $80.33 at the time of writing as the network’s tokenized asset market reached another milestone, giving investors fresh data to weigh alongside improving technical indicators. Tokenized asset spot volume on Solana increased from $2.69 billion in the first quarter to $5.7 billion in the second quarter of 2026.
SOL also continued holding above key support after recovering from June’s selloff. The latest network data suggests ecosystem activity kept improving during the recovery, although SOL still faces important technical resistance before a broader trend reversal can be confirmed.
According to Solana’s official X account, tokenized asset spot trading volume reached $5.7 billion in the second quarter of 2026, more than doubling from $2.69 billion recorded in the first quarter.
JUST IN: Tokenized asset spot volume grew from $2.69B in Q1 to $5.7B in Q2 on Solana pic.twitter.com/Q1WRbPKexD
— Solana (@solana) July 5, 2026
The increase extends a broader trend that gathered pace throughout the second quarter. Solana processed 95% of global onchain tokenized equity spot trading volume during one week in June, while daily tokenized equity trading reached a record $644 million on June 24, according to ecosystem data released in June.
The quarter also brought new institutional activity, including Securitize’s tokenized initial public offering shares on Solana and MoneyGram’s launch as a network validator, expanding the blockchain’s presence in tokenized assets and stablecoin payments.
The quarterly figure doesn’t guarantee a higher SOL price on its own, but it provides another measure of growing network usage. The data matters because sustained demand for onchain financial products can increase transaction activity, strengthen ecosystem revenue, and expand the network’s long-term utility.
Technical indicators have also started reflecting stronger network activity.
Crypto analyst Ali Charts reported that Solana’s three-day SuperTrend indicator generated its first buy signal since October 2025, marking the first confirmed bullish trend flip after months of downward pressure.
SOLANA: FROM BEARISH TO BULLISH
The SuperTrend indicator has triggered a new buy signal on the Solana 3-day chart.
• First Signal Since October 10: The Average True Range (ATR) trailing stop has flipped beneath the price action, marking the first SuperTrend buy signal since… pic.twitter.com/j0FCmDm3jq
— Ali Charts (@alicharts) July 4, 2026
Ali Charts also noted that the Solana network added 1.6 million new addresses over the past two weeks, suggesting user activity continued expanding while the token traded below its previous highs.
The derivatives market also reflects improving sentiment. CoinGlass data showed Binance’s top traders maintaining a 1.89 long/short ratio, with long positions accounting for 65.45% of exposure.
Funding rates also remained in positive territory, with CoinGlass showing an average funding rate of 0.0051%. The reading suggests leveraged long traders continue paying shorts to maintain their positions, although the premium remains well below levels typically associated with overcrowded bullish positioning.
US-listed spot Solana exchange-traded funds (ETFs) returned to net inflows last week, attracting about $5.8 million after the previous week’s outflows.
These indicators don’t confirm a sustained uptrend on their own, but they point to stronger participation across derivatives, ETFs, and onchain activity than was visible during June’s correction.
Despite stronger onchain and derivatives data, the technical picture still requires confirmation.
SOL continues trading above its 50-day exponential moving average (EMA), while momentum indicators such as the relative strength index (RSI) remain above the neutral 50 level. The daily chart also continues to show bullish momentum without entering overbought territory.
The next challenge sits near $84, where multiple technical resistance levels converge. A decisive move above that area would strengthen the recovery and shift attention toward the $90 region. Beyond that, analysts have identified the $96-$100 range as the next major resistance zone.
The opposing view also deserves attention. Solana still trades well below its longer-term 200-day EMA, showing that the broader trend hasn’t fully recovered. A rejection near $84 or renewed weakness across the wider crypto market could send SOL back toward support around $79, with stronger support sitting between $76 and $77.
For now, expanding network activity and improving technical indicators are moving in the same direction. The next test remains the $84 resistance zone, where a decisive breakout would strengthen the recovery and open the path toward $90.
Share
preferred on
