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Solana (SOL) Eyes $230 as Network Sees Growing Real-World Adoption

• Solana gains attention as tokenization expands, with Galaxy becoming the first public company to tokenize SEC-registered shares on its network.
• SOL rebounds after a recent sell-off, with short-term momentum suggesting potential targets of $220–$230.
• Technical indicators show mixed signals: RSI in neutral range, MACD bearish but with potential for bullish crossover.

Solana is gaining attention as tokenization on its network continues to expand. Recently, Galaxy made history by becoming the first public company to natively tokenize SEC-registered shares on SOL through Superstate. The network has seen renewed buying interest, signaling strong short-term momentum.

At the time of writing, Solana (SOL) is trading at $203.90 with a 24-hour trading volume of $13.07 billion and a market cap of $111.76 billion. Over the last 24 hours, SOL has seen a slight decline of -3.57%.

Solana Sees First SEC Share Tokenization

In the latest news, Solana revealed that tokenization is gaining momentum on its network. Galaxy made headlines by tokenizing its public equity on SOL through the Superstate platform. This represents the first instance of shares on the SEC register being natively tokenized on SOL.

Tokenization continues to accelerate on Solana.

Today, Galaxy tokenized their public equity on Solana via Superstate, marking the first time a public company natively tokenized SEC-registered shares on the network.

More on the news: https://t.co/AuwFz6bvna

— Solana (@solana) September 3, 2025

Solana Rebounds Strongly After Recent Sell-Off

Prominent crypto analyst BitGuru explained that after a mini sell-off, buyers returned, pushing SOL’s price back toward the $210 region. If the price continues upward, it could reach $220–$230, suggesting a positive short-term outlook for the network.

Growing use of SOL for tokenization and the recent buying interest could keep it in the spotlight for investors seeking blockchain projects with real-world applications.

Also Read | Solana Price Analysis: Could Smash $212 Barrier Soon?

Solana Shows Mixed Momentum Signals

The Relative Strength Index (RSI) for SOL is currently at 53.58, with the lower band of the RSI at 45.32. This keeps SOL within the neutral range, indicating it is neither overbought nor oversold. The recent decline from previous high RSI levels reflects reduced momentum after recent advances. If the RSI falls below 45, it may signal weakness, whereas a break above 60 could indicate renewed buying momentum.

The MACD indicator suggests a cautious market outlook, with the MACD line at 0.39517 below the signal line at 1.76472. The histogram is also bearish at -1.36955, indicating downward momentum. There is short-term selling pressure, with sellers slightly in control. However, if the MACD line crosses above the signal line again, the trend will turn bullish.

Also Read | Solana Rebounds Above $200, Traders Eye $217 Breakout

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