Solana's price is consolidating around $97.11, showing a controlled retracement towards key support levels rather than a trend failure. The MVRV ratio remains near neutral, indicating valuation compression and long-term holder absorption. Despite recent price softening, tokenized stocks on Solana have reached over $1 billion in assets under management, signaling steady institutional adoption.
The technical outlook for Solana suggests a controlled pullback rather than a structural breakdown. The price remains aligned with a rising macro trendline, with $74.11 identified as a potential support zone. If this level fails, the next support could be at $50.18, which aligns with earlier accumulation zones. Meanwhile, the growth of tokenized stocks on Solana reflects structural adoption, with assets reaching a new high of $230 million, driven by sustained inflows rather than speculative bursts.
Solana Price Consolidates as Tokenized Stocks Surpass $1 Billion
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