SOL has a market cap of $42.87 billion, as of date, while the total crypto market cap stands at $2.26 trillion.
Tokenized stocks on Solana recorded more than $100 million in 24-hour spot trading volume for the first time following the SpaceX IPO. Securitize is expanding its tokenized AAA CLO fund to Solana, while Ethena is evaluating a proposed $250 million allocation.
Forward Inc. (FWDI), the largest Solana digital asset treasury (DAT), has submitted non-binding proposals to acquire smaller DATs, including Solana Company (HSDT), SkyAI, Inc. (SKYA), and Solmate (SLMT). The Solana Policy Institute is advocating for legislation to protect developer and validator activities.
On the daily chart, Solana is currently trading around $73.91. The broader crypto market has witnessed a recovery following a sharp correction, with SOL rising nearly 26% over the past few trading days amid improving geopolitical stability.
Technical Chart of SOL
On the daily chart, SOL is trading below its 14-period and 21-period Simple Moving Averages (SMAs) of $74.95 and $76.67, respectively, which may act as resistance levels in the coming sessions.
On the daily chart, the Relative Strength Index (RSI) stands at 49.68, while the Stochastic Oscillator is at 99.11, indicating overbought conditions. Although the RSI remains below the bullish zone, some profit-booking may emerge in the coming sessions.
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Support and Resistance Levels
| Support 2 | Support 1 | Asset (Price) | Resistance 1 | Resistance 2 |
| $61.84 | $68.24 | SOL ($73.91) | $77.68 | $86.53 |
Above $86.23, there’s a possibility of hitting the $89 levels.
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