Solana Price Surge Accelerates Toward $150 as Chain Captures 99% of Tokenized Stock Market
Get ready for a potential breakout. Solana is charging ahead with a powerful 10% weekly gain, pushing its price toward $141 and the crucial $143-$145 resistance zone. This Solana price surge isn’t happening in a vacuum; it’s backed by a monumental fundamental achievement. New data reveals Solana has utterly dominated the tokenized stock market, capturing a staggering 99% of all trading volume in October. This fusion of bullish technicals and real-world utility is creating a perfect storm for SOL’s next leg up.
The Real-World Asset (RWA) Narrative is a Solana Story
The tokenized stock statistic isn’t just impressive; it’s game-changing. For four consecutive months, Solana has commanded over 95% of this market, decisively beating early leaders like Avalanche. This proves that Solana’s low fees and high throughput make it the undisputed blockchain for tokenizing real-world assets (RWAs). With the RWA market projected to reach $16 trillion by 2030, Solana’s first-mover advantage in this sector positions it as the primary bridge between traditional finance (TradFi) and decentralized finance (DeFi). This isn’t just speculation—it’s a fundamental re-rating of Solana’s long-term value.
Technical Outlook: The Battle for $150
The current Solana price surge is now testing a major technical barrier. The $150 level has been a persistent ceiling, and breaking it is key to unlocking further gains. The MACD indicator presents a mixed picture, currently showing bearish momentum below its signal line. However, the Chaikin Money Flow (CMF) holds a slightly positive reading of 0.06, indicating that money hasn’t fled the asset. A decisive break above $150 could trigger a swift move to $160 or higher, while a rejection could lead to a retest of the $130 support. The broader market’s stability, with Bitcoin above $91k and Ethereum over $3k, provides a supportive backdrop.
My Thoughts
This is the most compelling case for Solana I’ve seen all year. The 99% market share in tokenized stocks isn’t a fluke; it’s validation of its technical superiority for specific, high-value use cases. While the technicals are messy in the short term, the fundamental story is overwhelmingly bullish. The RWA narrative is the “killer app” that could drive the next institutional wave into SOL. I believe the path of least resistance is up, and a break above $150 could trigger a FOMO-driven rally that eclipses the recent gains.