Solana is trading near $103 after bouncing back above the $98 level that had previously acted as resistance. That recovery has kept the short-term bullish setup alive, but analysts say the move is still part of a corrective phase rather than a new uptrend.
Analyst More Crypto Online describes the current price action as an Elliott Wave 4 correction. The structure shows a series of overlapping three-wave moves, which typically signal consolidation rather than a clean directional push. SOL could still move above the September 3 high as part of a B-wave rebound before a C-wave decline completes the pattern.
Fibonacci support levels cluster tightly beneath the current price at $102.50, $101.51, $100.53, and $99.14. These give traders clear levels to watch.
The next obstacle for Solana is the swing area around $110. That level rejected SOL recently and remains the hurdle bulls need to clear to build a stronger case for continuation.
Analyst TraderSZ added to his SOL long positions and identified $90 as the level that would invalidate the trade. He sees another trend leg higher as long as price holds above the $98.39 area, which marks the previous quarter’s high.
we have added a little more to $SOL longs here
system expects another trend leg up soon
im wrong on a clean break below 90 https://t.co/wkVqR6TjAK pic.twitter.com/RskG5ahMQG
— TraderSZ (@trader1sz) September 5, 2026
If buyers push SOL through $110 with conviction, the next area of resistance sits much higher at the $146–$152 zone.
Analyst Don 🐂 (@DonWedge) posted on X that $SOL wants $170, reflecting a bullish outlook tied to Solana’s growing role in real-world asset infrastructure.
$SOL wants $170 pic.twitter.com/PVH0NxnNng
— Don 🐂 (@DonWedge) September 6, 2026
Solana attracted $348 million in net real-world asset inflows over the latest 30-day period, more than any other tracked blockchain network. That lifted total distributed RWA value on the network to $4.23 billion.
.@Solana is leading the pack. It topped net flows for RWAs over the past 30 days, pulling in $348 million to the chain.
Data via @rwa_xyz. pic.twitter.com/KAfUZ0UVos
— RWA Foundation (@RWAFoundation_) September 5, 2026
Ethereum recorded a 0.77% increase over the same period, while Stellar rose 5.22%. The XRP Ledger fell 5.51% and Avalanche dropped 14.06%.
Tokenized products on Solana include BlackRock’s BUIDL fund, Franklin Templeton’s BENJI token, VanEck’s VBILL, and offerings from Ondo Finance and WisdomTree. These are mostly Treasury and money market instruments available to eligible institutional investors.
The $4.23 billion total represents distributed RWA value, not Solana protocol revenue or capital controlled by the Solana Foundation.
SOL is currently trading around $103 with $98 as the key support level to hold.
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