Solana (SOL) is gaining momentum, with growing market interest and bullish sentiment fueling expectations of a potential surge. The SOL price over the last 24 hours is up by 5.3%, and over the last week it is also up by 3.16%.
At the time of writing, SOL is trading at $210.67 with a 24-hour trading volume of $9.15 billion, up by 44.66% over the last 24 hours. The coin has a market capitalization of $113.93 billion, which is also up by 5.31%.
Source: CoinMarketCap
The general market trend has turned bullish after a prolonged period of volatility, as Bitcoin has started its upward momentum. SOL is benefitting from the rally and is expecting a strong reversal ahead.
According to the data from BSCN, in a historic move for Wall Street and blockchain, Galaxy Digital has become the first Nasdaq-listed company to tokenize its SEC-registered shares on the Solana blockchain.
— BSCN (@BSCNews) September 3, 2025
JUST IN: GALAXY DIGITAL BECOMES FIRST NASDAQ-LISTED FIRM TO TOKENIZE SEC-REGISTERED SHARES ON SOLANA ~ THE BLOCK
The effort represents a significant step toward blending conventional financial markets with decentralized infrastructure and putting the long-discussed vision of tokenized real-world assets (RWAs) into action.
By utilizing Solana’s speed and efficiency, Galaxy shows that regulated equities can run on-chain, paving the way for rapid settlement, reduced costs, and even fractionalized ownership for investors while still being fully compliant with U.S. securities law.
Also Read: Solana Rebounds Above $200, Traders Eye $217 Breakout
Solana (SOL) shows strong bullish signals on the technical front. The Relative Strength Index (RSI) is at 60.37, signifying steady buy demand without touching overbought regions.
Even the MACD indicator has shown a positive crossover with the MACD line at 6.31 and the signal line at 3.42. Bollinger Bands also signal SOL trending near its upper resistance of $212.57, signaling a potential breakout in the event of continued momentum.
Source: TradingView
The recent surge through the mid-range of its Bollinger Bands provides further justification for upward continuation, with $212.57 serving as the initial major hurdle. If that level is breached, major resistance lies at $265 and even $295, an area that has tended to top rallies and currently represents a prime target on the upside.
Derivatives data also bolsters the bulls’ case. Trading activity jumped 43.83% to $35.56 billion, showing increased retail and institutional demand. Meanwhile, open interest climbed 5.83% to $12.82 billion, affirming rising speculative demand in the futures market and supporting the prospects of increased volatility in the coming sessions.
Source: Coinglass
However, the OI-weighted funding rate is 0.0057%, indicating that market players are leaning long and are willing to pay a premium to hold positive positions. The positive funding rate reflects strong belief by market players but also shows possible risk in case of reversal of momentum.
Source: Coinglass
Also Read: Solana Surges Despite Pullback: Breakout Around $240 Level
Also read: Chainlink Struggles Below Key Resistance With Potential Drop Toward $16.898
