Solana Jumps 3.6% the past 24 hours as ETF Hopes and RWA Growth Drive Momentum

Solana’s native token SOL climbed 3.6% in the past 24 hours to $205.71, outpacing the broader crypto market’s 2.4% gain. The rally comes as traders eye a mix of regulatory, adoption, and technical catalysts.

ETF Anticipation: Updated Solana ETF filings from asset managers including 21Shares, Fidelity, and Grayscale fueled optimism ahead of the SEC’s October deadlines. Approval could unlock institutional inflows similar to Bitcoin and Ethereum ETFs.

RWA Adoption: Solana now hosts over $700 million in tokenized real-world assets, a fivefold increase year-on-year. With its high throughput and low fees, the network has become a preferred choice for capital markets experiments by major players like BlackRock and VanEck.

Technical Bounce: After last week’s pullback, SOL found support above its 200-day moving average at $166. Indicators such as RSI and MACD suggest a rebound is underway, though resistance at $222 remains a key level to watch.

While still trading 18% below its monthly high of $253, Solana’s latest surge highlights renewed investor confidence. Market focus now turns to SEC ETF rulings in October and whether SOL can clear resistance to extend its rally.