Solana price stalls near $63 as RWA hits $2.7B; $77 eyed
Solana price is struggling near $63 even after its real-world assets (RWA) ecosystem reached a reported all-time high of $2.7B. Data cited from the RWA Foundation says Solana’s distributed RWA value covers tokenized funds, credit products, stablecoin infrastructure and tokenized securities, including institutional tokenization activity from firms such as BlackRock (BUIDL via Securitize), Paxos and Anchorage Digital.
However, the article stresses that stronger RWA fundamentals do not automatically lift the Solana price. Tokenized products can increase settlement activity, collateral usage and stablecoin demand, while institutions may use the network without taking direct speculative SOL positions.
On the chart, Solana price sits near $63.21 (down about 4.2% in 24 hours). The key technical picture centers on support and resistance: $60 is the main short-term support; a daily close below $60 could weaken the recovery and expose $57, and potentially $50. To the upside, SOL must reclaim $66.40 and $68 first. A larger resistance cluster is seen at $75–$77, with the next supply zone around $75–$81.
The bullish trigger discussed is a TD Sequential buy signal cited by analyst Ali Martinez, which—if it confirms—targets the $77 resistance cluster. The setup strengthens with a close above $68 and rising spot volume, but fails to reclaiming $66.40 may invalidate it.
DeFi and network metrics remain supportive (DeFiLlama data cites ~$4.8B locked DeFi, ~1.79M active addresses, and ~$15.1B stablecoin market cap). But corporate treasury selling adds near-term supply: SOL Strategies reportedly sold 65,001 SOL to manage debt, reducing holdings by ~12.4%.
Neutral
The news is fundamentally supportive for Solana’s ecosystem (RWA distributed value at $2.7B, plus steady DeFi usage and stablecoin demand), but it is not yet translating into immediate SOL price strength. Traders will likely treat the $2.7B RWA milestone as a longer-term “fundamental tailwind,” while the near-term tape is still dominated by bearish/neutral factors: SOL remains near $63, corporate treasury selling adds supply, and the chart is capped by a dense resistance cluster at $75–$77.
In similar past cycles, tokenization headlines often improved network activity but did not guarantee upside until price broke major technical levels (commonly support reclaim zones like $60 and then resistance zones like $66.40/$68). Here, the article’s TD Sequential setup offers a conditional bullish path to $77, but it explicitly relies on confirmation (e.g., closing above $68 with rising spot volume). Until SOL can reclaim $66.40 and defend $60, traders may range-trade or fade rallies into resistance.
Short term: watch $60 for downside acceleration vs. $66.40/$68 for confirmation. Medium term: if RWA-driven institutional activity continues to expand while SOL holds support, the market could re-rate SOL toward the $75–$77 area. If treasury sales or broader BTC/alt weakness persists, the bullish RWA narrative may remain “priced in,” keeping the outlook neutral.