Solana (SOL) accounted for nearly 99% of all tokenized stock trades across spot decentralized exchanges (DEXs) on June 20, setting a single-day record of over $200 million even as its price sits near multi-year lows.

Solana dominates tokenization trading while its monthly Relative Strength Index (RSI) prints its lowest reading ever, and SOL trades at $73.86, down 45% over the past year. The result is a sharp split between adoption and price.

Solana Dominates Tokenization, Setting New Records

Tokenized equities volume on spot decentralized exchanges spiked to roughly $220 million on June 20. Solana accounted for almost the entire total.

That figure dwarfs the $20 million to $60 million in daily volume recorded across most of the year. Ethereum, Base, and BNB Chain together captured only a sliver.

The surge signals growing demand for trading tokenized stocks on Solana, which markets itself as one of the fastest chains. Stronger tokenization flows could deepen liquidity and pull in more issuers.

Active Addresses Tell a More Cautious Story

The volume record contrasts with Solana’s shrinking user base. Daily active addresses have fallen steadily since late January.

The metric peaked near 5.5 million in early February, according to Santiment. It has since halved to about 2.55 million.

That decline suggests the spike reflects concentrated activity rather than broad network growth. Fewer participants are transacting on-chain even as headline volume climbs. Whether SOL is truly oversold depends on which signal traders trust.

Monthly RSI Hits Its Lowest Level on Record

On the monthly chart, Solana’s RSI has dropped to 41.84, the lowest reading in the token’s history. The metric has never been this weak on a monthly basis, even during the 2022 downturn.

SOL is also retesting its December 2023 price zone near $74. A reading this low points to deeply depressed momentum rather than a textbook oversold signal.

Long-term support sits around $50, while the $100 level marks psychological resistance. Longer-term forecast models remain mixed on whether that floor holds, as earlier forecast work showed.

SOL Price Prediction Hinges on the $80 Retest

On the daily chart, SOL traded inside a rising parallel channel for most of 2026 before breaking down in early June. The drop reached its measured target just above $60.

Price has since recovered to $73.86, up about 1% on the day and 3.6% over the week. The next hurdle stands near $80.

That $80 area lines up with a bearish retest of the broken channel’s lower band. A rejection there would keep the daily trend pointed lower, back toward the $60 support zone, a path earlier SOL analysis also flagged.

A clean reclaim of $80 would weaken the bearish case and open room toward $100. Continued tokenization demand could supply that catalyst, while fading on-chain activity argues for caution.

For now, SOL sits between a record adoption milestone and its weakest monthly momentum ever. The $80 retest will likely decide which signal wins.

Источник: BeInCrypto