Solana (SOL) Rebounds Above $90 Amid Institutional Interest and Technical Signals

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TLDR

  • SOL is currently trading in the $92–$93 range, posting a daily gain of about 4–5% following a 13% increase the prior week.
  • SOL-focused ETFs saw net weekly inflows of $10.70 million, indicating ongoing institutional interest.
  • Open Interest for SOL futures climbed more than 7% in a 24-hour period to reach $5.57 billion, accompanied by $14.43 million in short position liquidations.
  • A critical technical resistance level lies at the 50-day Exponential Moving Average (EMA) of $94.17, with the next target being the 100-day EMA at $109.58.
  • Tokenized real-world assets (RWAs) on the Solana network have hit approximately $873 million, per estimates from Bitwise.

Solana is exhibiting signs of a rebound following a steep drop from its January 2026 high of nearly $295. The token has advanced about 13% over the last week and is now trading between $92 and $93.

Solana (SOL) Price
Solana (SOL) Price

On Friday alone, SOL-specific ETFs attracted $7.60 million, driving the weekly net inflow total to $10.70 million. These sustained inflows suggest consistent institutional purchasing activity, even amid the recent price downturn.

In the derivatives market, futures Open Interest increased by over 7% in 24 hours to $5.57 billion. Short positions faced losses, as $14.43 million out of the total $15.50 million in liquidations were from bearish positions.

The current price is just below the 50-day EMA of $94.17. Closing above this level on a daily basis could pave the way for a move toward the 100-day EMA at $109.58.

Momentum indicators are shifting to positive territory. The MACD has moved into the positive zone, and the RSI stands at 58—above the neutral midpoint.

Real-World Asset Growth Supports Solana’s Case

A key factor contributing to SOL’s recovery is the expansion of real-world asset tokenization on the Solana network. Bitwise estimates that tokenized RWAs on Solana have reached around $873 million, including on-chain treasuries, private credit, and yield-generating products.

Spot Solana ETFs, which received approval in late 2025, have kept drawing capital even during times of downward price movement. These instruments are now utilized by traditional finance investors seeking exposure to SOL without the need to manage digital wallets directly.

On-chain metrics support this positive trend. The number of active addresses has exceeded 5 million, and daily transactions are nearing 87 million.

Network and Supply Context

By some estimates, the Solana validator network now includes over 2,000 validators, though the number of active validators is likely around 795. The Solana Foundation’s portion of staked SOL has decreased from more than 40% in 2020 to less than 6% by the end of 2025.

The network’s annual inflation rate is approximately 4%. Currently, around 67% of SOL is staked, which reduces the amount of tokens available in free circulation.

Funding rates for perpetual swaps are close to flat or slightly negative, at roughly -0.0095% per day. This indicates that long positions are not yet being taken in large numbers.

Support on the downside is found in the $76–$80 range. Significant resistance continues to lie near $245–$250, which was the January peak level.

At present, SOL is trading at roughly $92–$93, with the 50-day EMA at $94.17 serving as the immediate resistance level.