What to know:
- Solana (SOL) reclaimed a key support level, gaining over 5% and boosting bullish momentum toward a potential $94 target.
- The RSI rebounded from neutral levels, signaling stronger buying pressure with room for further upside.
- Solana’s tokenized real-world asset (RWA) market reached a record $5.8 billion in Q2, up 114% from the previous quarter.
Solana (SOL) regained a key technical support level, improving bullish momentum and raising expectations of further upside if the trend holds. At the same time, growing adoption of tokenized real-world assets on the network highlights increasing institutional interest and strengthens confidence in Solana’s long-term ecosystem growth.
At the time of writing, SOL is trading at $78.47 with a 24-hour trading volume of $1.91 billion and a market capitalization of $271.54 million. Following the 2.88% gain over the last 24 hours, the SOL price structure and tokenized asset volume growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Solana Price Tests Key Support as $26M Cross-Chain Inflows Boost Bullish Outlook
Solana Price Eyes $94 After Bullish 5% Rebound
According to the crypto analyst Scient, SOL gained more than 5% after successfully reclaiming a key local support and resistance (S/R) level, signaling renewed bullish momentum.
The recovery was accompanied by the Relative Strength Index (RSI) bouncing from the neutral mid-range, indicating strengthening buying pressure without entering overbought conditions. This technical setup suggests the recent rally could extend further.
Source: Scient’s X Post
It is expected that the next confirmation from SOL will be seen if the price manages to close the daily candles above the VAL of its broader trading range.
The break above this level could quickly see SOL moving to the Point of Control (POC) of $94, which usually garners much interest from traders.
Solana Tokenized Assets Hit Record $5.8B in Q2
The data from Solana further highlighted that tokenized asset volume on the network reached an all-time high of $5.8 billion in Q2.
The mentioned value denotes a 114% increase compared to the previous quarter, highlighting how the momentum continues. Importantly, the aforementioned value is the sixth consecutive quarter where Solana managed to break its own record for the highest all-time asset volume.
Source: Solana’s X Post
This continuing growth demonstrates an increasing desire by institutions to tokenize their financial instruments on the blockchain.
The fast transaction times, low cost, and scalability of the blockchain have attracted both issuers of assets and financial companies, solidifying its reputation as one of the best blockchains for asset adoption.
Following the bullish price predictions and tokenized asset volume growth, the Solana price is moving in an upward direction. This move is also backed by the general market trend in the crypto market as Bitcoin has started to move upward.
What Happens Next?
As long as Solana holds above its recovered support and closes above the VAL, the first objective in the upside should be at the Point of Control (POC) of $94.
Further growth in tokenization of tangible assets together with increased adoption by institutions could help to fuel the bulls even more, but it will depend on the crypto market situation as a whole.
Also Read: Solana 2026: Tokenized Stocks Move From Hype to Data
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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