Points of Focus

• Solana held near $76 as tokenized-asset growth outpaced SOL’s price recovery.
• Tokenized equities crossed $1.6 billion as total RWA value reached $3.51 billion.
• SOL ETF inflows remained positive, but the $78-$80 resistance kept the breakout unconfirmed.

Solana (SOL) traded at $76.12 on Monday after recovering from weekend weakness, but SOL’s price continued to lag growth across its real-world asset (RWA) market. The token gained close to 2% over 24 hours as trading volume exceeded $1 billion, yet remained near its 50-day exponential moving average (EMA) and below the $78-$80 resistance zone. Meanwhile, tokenized equities and other onchain assets continued to attract holders and capital.

Solana’s RWA market extends beyond tokenized equities

The $1.6-billion figure represents Solana’s tokenized-equity market rather than the network’s full RWA base. Solana Foundation data shows that broader RWA value crossed $3 billion in June, while cumulative tokenized-stock volume passed $10 billion, and daily tokenized-stock trading reached a record $683 million. Asset value, trading volume, and capital transferred onchain measure separate parts of the market, so they shouldn’t be treated as interchangeable.

The network’s reach has expanded further. As of July 27, RWA.xyz data showed 311,441 wallets holding tokenized assets on Solana, up 6.30% over 30 days. Distributed asset value reached $3.51 billion, while the number of tracked RWA assets rose to 2,582. 30-day RWA transfer volume stood at $4.33 billion, down 56.34%, showing that asset value and holder growth remained strong even as recent transaction activity slowed. Solana’s stablecoin market cap also stood at $15.76 billion, while 30-day stablecoin transfer volume reached $522.45 billion, providing a large settlement layer for tokenized assets issued on the network.

These figures strengthen the case that Solana is gaining ground as a settlement venue for tokenized stocks, funds, credit, and commodities. They don’t guarantee a proportional rise in SOL. Many products trade against stablecoins, while Solana’s low fees support high transaction activity without requiring users to hold large amounts of the native token. The RWA expansion supports network relevance, but SOL’s price still depends on liquidity, staking demand, risk appetite, and the share of activity that converts into fees.

Solana ETF inflows show demand without a price breakout

US spot Solana exchange-traded funds (ETFs) recorded $7.2 million in net inflows during the July 20-24 week, extending their positive run to four weeks. The inflow showed continued demand for regulated SOL exposure, though SOL remained below the $78-$80 resistance zone.

Derivatives data also showed active positioning without firm directional conviction. CoinGlass placed SOL futures open interest near $4.76 billion and 24-hour futures volume around $4.51 billion on Monday. Elevated open interest could amplify a breakout if spot demand strengthens, but it also increases liquidation risk during a sharp reversal.

Solana’s price faces resistance between $77 and $80

SOL traded close to its 50-day EMA near $76.54, placing the token near its first resistance area. A descending trendline from July’s peak sits around $77-$78, while the 50% Fibonacci retracement at $79.27 adds another barrier before $80. SOL also remains below its 200-day EMA near $92.36, leaving the broader trend under pressure.

The daily relative strength index (RSI) near 50 showed balanced momentum, while the moving average convergence/divergence (MACD) remained below its signal line. A shrinking negative histogram indicated that selling pressure was easing, but buyers had not secured a bullish momentum shift.

Crypto Patel identified $73 as the level preserving the current bullish structure and $77 as the threshold needed to reopen the upside path. A break below $73 would expose the $68-$64 liquidity zone, while a successful reclaim of $77 would strengthen the case for a move toward $80 and $84.

$SOL Is Sitting At The Most Important Level Of This Cycle#SOL is trading inside a high-confluence HTF demand zone where the previous breakout base, weekly support, and the 0.618 Fibonacci retracement all intersect.

This is the market's decision point.
▶️ Hold $73 → Bullish… pic.twitter.com/3yJsuPBj1B

— Crypto Patel (@CryptoPatel) July 25, 2026

Solana’s expanding RWA market contrasts with SOL’s failure to clear the $78-$80 resistance band. At the time of writing, the token remained below the $79.27 Fibonacci retracement, while futures open interest stood near $4.76 billion.