Solana on-chain activity is drawing renewed market attention as the network approaches 98% of tokenized real-world asset spot equity volume, while traders watch for a possible price breakout. Meanwhile, recent market data shows a TD Sequential buy signal on the four-hour chart, a setup tracked for short-term reversals.
At the same time, Solana recorded about 826 million weekly transactions, pointing to sustained network usage. These factors have placed SOL in focus as price action tests a consolidation range.
RWA Market Share Keeps Solana in Focus
Solana on-chain fundamentals have added to the current setup. Reports indicate that Solana now accounts for about 98% of tokenized on-chain spot equity volume, giving the network a leading position in the real-world asset segment. That share has become a central part of the current market narrative around SOL.
As tokenized assets continue to attract attention across crypto markets, Solana’s role in that segment may keep trading interest elevated while the asset tests resistance levels.
Meanwhile, recent chart data cited by market reports shows the TD Sequential indicator printing a buy signal for Solana on the four-hour timeframe. Traders often use that reading to identify potential exhaustion in a downtrend when selling pressure starts to weaken. Current price action has also stabilized inside a narrow band, keeping attention on whether SOL can move out of consolidation.
The immediate technical range remains clear. Support is seen around $75 to $80, while resistance stands near $90 to $95. A move above that upper zone could open the way toward the $100 area, while a drop below support may expose SOL to a move toward $70.
Transaction Volume Adds to Solana Network Strength
The recent data comes after recent Solana news indicated that the network has handled 44% of all crypto transactions globally. This adds another data point to the network’s expanding role across the digital asset market. Solana processed 825,729,338 transactions out of 1,867,616,231 total transactions across blockchains during the measured period. That throughput places the blockchain among the busiest networks and adds context to the current price setup.
High transaction volumes do not guarantee a breakout, but they indicate that user activity remains active during a period of price consolidation. For traders, that combination of strong network use and improving technical structure keeps Solana in focus as the market looks for direction.
Solana Price Prediction: Will SOL Hit $1000 Soon?
Market reports also point to a recurring monthly bullish engulfing pattern that has appeared before earlier Solana rallies. Analysts note that the pattern is not yet fully confirmed, but it remains under watch as the month develops.
According to the Solana price prediction, SOL targets $1,000 in 2027 if the long-term trend structure remains intact. The monthly chart shows a rising support line that has guided price action since 2021, with past rebounds forming bullish engulfing candles near key demand zones. The latest setup suggests SOL may be attempting to build another reversal from its current pullback.
SOLUSD 1-Month Chart | Source: X
The chart also highlights a major resistance area around the recent highs, which SOL must reclaim to confirm renewed upside momentum. If buyers defend the accumulation zone and push the price back above resistance, the trend could extend sharply higher over the next cycle. Under that scenario, the projected move points to a possible run toward the $1,000 target in 2027.
Source: https://coinpaper.com/15804/solana-gains-strength-as-on-chain-rwa-dominance-approaches-98-market-share
