Solana Pulls Back After Strong Two-Week Advance
Solana slipped below $119 to $118.36 on Monday after gaining more than 22% over two weeks. Spot SOL ETFs drew $188.22 million last week, their second-largest weekly inflow, extending a 13-week positive streak. The network's stablecoin supply reached a record $17.3 billion, while its RWA ecosystem topped 3,000 assets worth over $4.6 billion.
Solana traded at $118.36 on Monday, slipping under $119 after a two-week gain above 22%. Although the token gave back some ground, it stayed above key moving averages: the 50-day at $101.81, the 100-day at $93.94, and the 200-day at $94.65. Its RSI near 63 and positive MACD histogram suggested momentum remained constructive, with $123.96 as nearby resistance and $101.81 as first support.
ETF demand remained notable: spot SOL funds attracted $188.22 million last week, their second-biggest weekly haul and a 13th straight positive week. Network data also showed record stablecoin supply of $17.3 billion, more than 3,000 RWA assets valued above $4.6 billion, and over one million wallets holding tokenized stocks.
Solana’s pullback and strong ETF inflows may affect retail and institutional investors watching crypto allocations, while record stablecoin liquidity and tokenized-asset growth could influence how people access payments, trading, and real-world investments. If momentum fades, holders could face sharper losses; if adoption continues, broader financial access may improve, though reliance on volatile crypto markets may also expose users to custody, liquidity, and regulatory risks.