After a formidable multiweek rally, the solana price is now testing key technical ranges even as network fundamentals and tokenized asset adoption speed up.
Solana extends three-week rally however momentum cools
The Solana (SOL) price traded round $143 after finishing its third straight week of features. The cryptoforex briefly peaked at $148 throughout the week earlier than pulling again into the present vary.
Furthermore, the token now sits 20% above its December low, marking a notable restoration from the downtrend that started in September 2025. Weekly charts present Solana has closed in optimistic territory for 3 consecutive weeks, highlighting renewed speculative curiosity.
Nonetheless, the cryptocurrency repeatedly examined resistance close to the $146 stage throughout this era with out securing a decisive breakout. This sample suggests sellers stay lively close to current highs regardless of enhancing sentiment.
Network activity and transaction quantity hit four-month peak
On-chain Solana network activity has surged to ranges not seen since August 2025. Weekly transaction quantity reached $457 million, the very best complete in 4 months and a transparent signal of rising consumer engagement throughout the ecosystem.
In keeping with information reported by Blockworks, lively addresses on the network elevated considerably from late December onward. On the busiest day of the week, new addresses approached 1.6 million, whereas present addresses climbed to 1.36 million, underlining broad-based participation.
That mentioned, whereas greater utilization usually helps valuations, it doesn’t assure a sustained uptrend. Merchants are intently watching whether or not this spike in activity can persist if market volatility will increase.
Actual-world property and stablecoins push Solana previous $1 billion RWA mark
Actual-world property on the Solana blockchain surpassed $1 billion this week, a landmark that underscores the network’s rising position in asset tokenization. This improvement comes as meme coin buying and selling seems to be shedding relative prominence throughout the ecosystem.
Knowledge from RWA platforms signifies that tokenized property on Solana have been increasing at an exponential tempo all through 2025. The network has positioned itself as a significant venue for real-world asset tokenization, interesting to each crypto-native tasks and extra conventional issuers.
Furthermore, Solana’s stablecoin market cap superior from $13.1 billion on January 11 to $15 billion. Over the identical interval, complete worth locked, or TVL, rose from $8.36 billion in late December to $9.16 billion, reinforcing the narrative of deepening liquidity and protocol utilization.
TVL and RWA energy distinction with price volatility
This growth in stablecoins and locked capital helps the view that institutional and DeFi contributors are more and more comfy with Solana’s infrastructure. Nonetheless, the rise in solana actual world property has not shielded the token from short-term price swings pushed by derivatives and macro sentiment.
US spot ETFs present robust weekly inflows however first outflow
Within the regulated market, US spot Solana ETFs recorded web inflows of $46.88 million over the week, signaling sustained curiosity from conventional traders. These merchandise have shortly turn out to be a key gauge for sentiment round Solana in the USA.
Nonetheless, Friday marked a turning level as the ETFs noticed their first outflow since launch. Roughly $2.2 million exited the funds that day, regardless of the general optimistic weekly efficiency, hinting at profit-taking or rising warning amongst some market contributors.
The US market was closed on Monday for Martin Luther King Jr. Day, pausing ETF trading activity. That mentioned, flows will resume on Tuesday and will present recent clues on whether or not traders view the current dip as a shopping for alternative.
Price pulls again beneath key shifting averages
On Monday, Solana dropped round 3% to commerce close to $130, extending its retreat from final week’s peak. The price slipped beneath the 20-day and 50-day exponential shifting averages, which presently sit between $137 and $138.
This breakdown beneath short-term shifting averages signifies fading upside momentum after three weeks of features. Furthermore, many short-term merchants use these ranges as dynamic assist, so a failure to reclaim them shortly might invite further promoting strain.
Derivatives information spotlight heavy lengthy liquidations
Derivatives markets mirrored the sudden shift in sentiment. Lengthy liquidations in Solana futures and perpetual swaps reached $59.08 million over a 24-hour interval, in line with solana liquidation information from derivatives trackers.
In distinction, brief liquidations totaled solely $1.38 million over the identical timeframe, underscoring that bullish positions bore the brunt of the transfer decrease. This imbalance sometimes seems when merchants are closely positioned to the upside and the market reverses abruptly.
Furthermore, futures open curiosity declined by roughly 7% to $8.19 billion, signaling that leverage is popping out of the system. The funding charge fell to -0.0004%, indicating a light sell-side bias as merchants pay to stay brief on perpetual contracts.
Technical indicators flip cautiously bearish
Technical indicators have began to flash warning alerts following the correction. On the day by day chart, the Transferring Common Convergence Divergence (MACD) crossed beneath its sign line, a basic signal that bullish momentum is fading.
On the similar time, the Relative Power Index (RSI) dropped to 45, shifting beneath the impartial midpoint of fifty. Nonetheless, with the RSI sitting removed from oversold territory, there may be nonetheless room for additional draw back if promoting accelerates.
Presently, resistance stays on the provide zone close to $148, the place sellers have constantly capped rallies. A decisive break above this stage might open a path towards the 200-day exponential shifting common round $159, which might be an necessary affirmation for the broader uptrend within the solana price.
Outlook: fundamentals robust, market tone cautious
General, Solana’s fundamentals seem strong, with document transaction quantity, a surging RWA ecosystem and rising TVL and stablecoin capitalization. Nonetheless, derivatives positioning and combined ETF flows counsel merchants are turning extra cautious within the brief time period.
If network activity and real-world asset adoption proceed to develop by way of 2025, they might present a supportive backdrop for future rallies. That mentioned, the market’s instant trajectory will seemingly depend upon whether or not bulls can defend present assist zones and finally reclaim resistance close to $148.
