Solana breaks 10-month downtrend as RWA inflows hit $348M

Solana's SOL gained 34.8 percent in 30 days to near $102, ending a 10-month slide as real-world asset inflows and memecoin trading drove renewed demand. The token bounced from around $60 after falling from levels above $200, recording its first green monthly candle since late 2025, per CoinGecko data as of 04:45 UTC on Sept. 9.

Ash Crypto, a crypto analyst on X, said the monthly chart shows three signals supporting a potential bullish reversal: the first green monthly candle in about 10 months, a monthly RSI breakout above a two-year descending trendline, and a monthly MACD approaching a bullish crossover that has not yet been confirmed.

On-chain data reinforces the technical picture. Whale address HURDw accumulated 285,503 SOL worth $28.82 million over three weeks via Hyperliquid, according to Lookonchain data. Solana also recorded $348 million in net real-world asset inflows over the past 30 days, per RWA.xyz, as tokenized products from issuers including BlackRock, Franklin Templeton, and Apollo expanded on the network. DEX fee growth accelerated alongside: Raydium AMM fees rose 316.68 percent, Orca DEX fees climbed 233.26 percent, and HumidiFi fees gained 122.81 percent over 30 days.

The reversal carries implications beyond SOL's price. Solana's RWA ecosystem now spans tokenized treasuries, private credit, and regulated funds from major asset managers, positioning the network as one of the largest tokenization venues outside Ethereum. Analyst 0xSweep projects that a fresh daily golden cross could push SOL above $150 by the end of October, based on a historical comparison where a similar signal preceded a 56 percent advance to the $250 region.

RWA Inflows Add an Institutional Demand Channel

The $348 million in net RWA inflows over 30 days marks a distinct capital flow separate from memecoin speculation. Tokenized products on Solana now include U.S. Treasury instruments, private credit pools, and funds from issuers such as BlackRock, Franklin Templeton, Apollo, VanEck, and WisdomTree, drawn to the network's low transaction costs and high throughput for frequent settlement. While Ethereum remains the largest RWA ecosystem by tokenized asset value, Solana's pace of recent inflows suggests institutional-style capital is increasingly evaluating the network for distribution-focused issuance.

Golden Cross Targets $150

On the daily chart, SOL printed a fresh golden cross after recovering from the $60-to-$80 region, according to analyst 0xSweep. The previous golden cross on the same timeframe preceded a 56.22 percent advance that carried SOL to the $250 area. Applying the same percentage move to the current setup projects a gain of roughly 56 percent, which would place SOL above $150 by the end of October. Near-term resistance sits at $105, with the $100-to-$120 zone as the key hurdle for confirming the bullish reversal structure.

The broader market context remains mixed. Total crypto market capitalization fell 3.78 percent in 24 hours while the Fear & Greed Index reads 69, classified as Greed. SOL trades above its daily EMA20 at $98.79, EMA50 at $90, and EMA200 at $89.26, with daily RSI14 at 61.1 — healthy but not stretched. A daily close below $102.07 would put the bullish structure at risk, while a sustained move through $105 could open the path toward the upper Bollinger Band at $110.71.

This article is for informational purposes only and does not constitute investment advice.