Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Solana (SOL) prices: First monthly positive signal in 10 months signals market turning

2026-09-09 20:28:22

Bookmark

TLDR

Real-world assets hit new highs
Memo trading volume tilted towards Solana
Solana recorded its first monthly positive line in ten months in August 2026.
The monthly MACD is close to a bullish crossing, and the monthly RSI breaks through the downtrend of nearly two years.
SOL's real-world asset (RWA) ecosystem hit a record high of $4.35 billion.
The number of RWA holders on Solana has exceeded 420,000 wallets.
On September 7, Solana accounted for 67% of multi-chain memein trading volume, almost three times Robinhood's share.

Solana Price Performance

Solana's price trend turned positive in August 2026, breaking the ten-month consecutive decline. This is the first monthly positive line for SOL since the downtrend began nearly a year ago.

Market sentiment has shifted as the monthly MACD indicator gradually approaches a bullish cross. SOL's monthly RSI also broke through a downward trend that has maintained for nearly two years.

Despite the improvement, SOL prices are still well below previous highs. A single month's rise does not alone confirm a complete trend reversal. Even so, after months of pressure, many parties in the market now finally have a foundation to rely on.

Real-world assets hit record high

Solana's total value of real-world asset ecosystem exceeded US$4.35 billion, setting a new all-time high for the network. Analytics account SolanaFloor shared this milestone on the X platform and pointed out the latest RWA total data.

The number of wallets holding RWA tokens on Solana has also climbed to more than 420,000. These data show that Solana has become one of the largest networks of tokenized assets, directly competing with chains such as Ethereum.

Memo trading volume tilts towards Solana

Solana also led the trading volume of memo on spot decentralized exchanges among the chains tracked on September 7. SolanaFloor posted on X that Solana accounted for approximately 67% of such transaction volume.

@Solanawidened pointed out in its release of the @RobinhoodCrypto Meein Trading Volume Lead that Solana captured 67% of all on-chain activity yesterday, which is almost three times Robinhood's 23% share.

This figure is nearly three times Robinhood's 23% share on the same day. BNB Chain ranks third with a share of 9%.

Memin trading has been one of the main sources of activity on the Solana chain. Continued leadership in this category is expected to keep transaction demand and liquidity across the network at a high level.

As of September 9, these developments, price shifts, RWA milestones and the lead in memoin transaction volume constitute Solana's latest data points.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article

0.00% 0.00%

Bullish

Bearish

Hot Coins