Key Points
Robinhood Chain officially unveiled
Price movement is blocked at the US$78 mark
In the past 30 days, Solana has attracted more than US$900 million in net physical asset inflows, surpassing major competitive networks.
Crypto analyst Ali Martinez pointed out that SOL showed its SuperTrend buy signal for the first time since October 10, citing US$96 and US$121 as key upside targets.
Robinhood Chain moves into the tokenized asset space with a value proposition that is different from Solana's comprehensive ecosystem strategy.
SOL faced selling pressure at the $78 mark, while net outflow of ETF products reached $700,000 this week.
The Internet activity indicator shows that the 30-day moving average of active addresses has exceeded the 50-day moving average.
According to tracking data from RWA.xyz, Solana has absorbed more than US$900 million in net capital in the past month, which has flowed into the physical assets sector. This performance made the network ranked first among major blockchain platforms during this period.
Crypto Banter, a well-known account in the crypto field, highlighted these data, pointing to strong demand for tokenized physical assets within Solana's infrastructure. Tokenization of traditional assets is currently one of the fastest growing sectors in the cryptocurrency space.
Solana's total physical assets have exceeded US$3 billion, and the cumulative tokenized stock trading volume has exceeded US$10 billion. Through a unified Layer 1 architecture, Solana provides comprehensive support for DeFi protocols, stablecoin infrastructure, payment systems and consumer-facing applications.
Solana (SOL) Price Trend
Market commentator CryptosBatman shared a technical analysis of SOL on the X platform, arguing that the asset "currently looks very solid." His analysis pointed out that the price had clearly returned to the pre-test resistance level and broke through the bullish downward wedge pattern, so he believed that the token "should be able to continue to rise from here."
Robinhood Chain officially unveiled
Robinhood's recent launch of Robinhood Chain-a blockchain infrastructure specifically designed for tokenized stocks and financial instruments-has sparked discussions about its potential competing relationship with Solana.
Solana Daily clarified that these two platforms occupy different market positions. Robinhood's competitive advantage lies in its vast network of retail investors, while Solana provides a comprehensive public blockchain environment with a large on-chain liquidity pool and an active developer ecosystem.
Price movement is blocked at US$78
Despite the good momentum of real assets, SOL continues to face resistance near the US$78 price point. The digital asset has fallen about 2% in the past 24 hours, while daily trading volume has shrunk from $4 billion on July 2 to about $2 billion currently.
Solana exchange-traded funds turned negative this week, with a net outflow of $700,000. This contrasts with net inflows of more than $1.1 million the previous week.
Technical analyst Ali Martinez observed that the ATR trailing stop indicator has moved downward below the current market price-the first time since October 10 that SOL has seen a SuperTrend buy signal. His judgment is that US$96 is a short-term resistance level, and if momentum continues, US$121 will be the next target.
Blockchain analysis data from Sanitation shows that the 30-day moving average tracking daily active wallet addresses has crossed the 50-day moving average. The widening gap between these two moving averages means that wallet activation rates on the Internet are accelerating.
The key supporting trend line is at US$74. If it falls below this level, SOL may face the risk of testing down to $64. On the contrary, if we continue to stand above the US$78 resistance level, it may open a channel for moving towards the US$90 region.

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