Solana Hit a New Tokenization Record, But Why is Price Still Struggling Below $100?
Solana (SOL) accounted for practically 99% of all tokenized inventory trades throughout spot decentralized exchanges (DEXs) on June 20, setting a single-day document of over $200 million at the same time as its worth sits close to multi-year lows.
Solana dominates tokenization buying and selling whereas its month-to-month Relative Strength Index (RSI) prints its lowest studying ever, and SOL trades at $73.86, down 45% over the previous 12 months. The outcome is a sharp cut up between adoption and worth.
Solana Dominates Tokenization, Setting New Records
Tokenized equities quantity on spot decentralized exchanges spiked to roughly $220 million on June 20. Solana accounted for nearly your complete whole.
That determine dwarfs the $20 million to $60 million in day by day quantity recorded throughout many of the 12 months. Ethereum, Base, and BNB Chain collectively captured solely a sliver.
The surge indicators rising demand for buying and selling tokenized shares on Solana, which markets itself as one of many quickest chains. Stronger tokenization flows may deepen liquidity and pull in additional issuers.
Active Addresses Tell a More Cautious Story
The quantity document contrasts with Solana’s shrinking consumer base. Daily lively addresses have fallen steadily since late January.
The metric peaked close to 5.5 million in early February, in line with Santiment. It has since halved to about 2.55 million.
That decline suggests the spike displays concentrated exercise reasonably than broad community progress. Fewer members are transacting on-chain at the same time as headline quantity climbs. Whether SOL is really oversold relies on which sign merchants belief.
Monthly RSI Hits Its Lowest Level on Record
On the month-to-month chart, Solana’s RSI has dropped to 41.84, the bottom studying within the token’s historical past. The metric has by no means been this weak on a month-to-month foundation, even throughout the 2022 downturn.
SOL is additionally retesting its December 2023 worth zone close to $74. A studying this low factors to deeply depressed momentum reasonably than a textbook oversold sign.
Long-term help sits round $50, whereas the $100 degree marks psychological resistance. Longer-term forecast fashions stay combined on whether or not that flooring holds, as earlier forecast work confirmed.
SOL Price Prediction Hinges on the $80 Retest
On the day by day chart, SOL traded inside a rising parallel channel for many of 2026 earlier than breaking down in early June. The drop reached its measured goal simply above $60.
Price has since recovered to $73.86, up about 1% on the day and three.6% over the week. The subsequent hurdle stands close to $80.
That $80 space strains up with a bearish retest of the damaged channel’s decrease band. A rejection there would preserve the day by day development pointed decrease, again towards the $60 help zone, a path earlier SOL evaluation additionally flagged.
A clear reclaim of $80 would weaken the bearish case and open room towards $100. Continued tokenization demand may provide that catalyst, whereas fading on-chain exercise argues for warning.
For now, SOL sits between a document adoption milestone and its weakest month-to-month momentum ever. The $80 retest will probably determine which sign wins.
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