Activation of Solana (SOL) Trading and Stable Technical Support

Institutional Investment Accelerated by Morgan Stanley's E*Trade Listing

Morgan Stanley has listed Solana on its online brokerage platform E*Trade, expanding the cryptocurrency support range of major U.S. brokerage firms beyond Bitcoin and Ethereum. This listing is expected to significantly enhance access to Solana for large retail investors. At the same time, Grayscale has updated its staking ETF proposal, introducing a quarterly staking reward distribution method and lowering fees to 0.19%. Morgan Stanley has also reduced the management fee for its spot Solana ETF proposal to 0.14%, enhancing its competitiveness. Although SEC approval is still pending, this indicates a growing interest from institutional investors in Solana. According to eToro's market analysis, over $1 billion has flowed into Solana ETFs as of July 2026, and the Bitwise Solana ETF is currently listed and trading on the New York Stock Exchange. This suggests that institutional funds are consistently flowing in despite price pressures.

Stablecoin Supply Surpasses $3.8 Billion, On-Chain Activity Surges

The on-chain metrics of the Solana network are showing strong growth, contrasting with its price. According to analysis by CaptainAltcoin, the supply of Solana-based stablecoins, excluding USDC and USDT, has surpassed $3.8 billion, increasing approximately 15 times compared to January 2025. In terms of total blockchain supply, Solana ranks third in stablecoin supply, following Ethereum and Tron. Circle has issued over $70 billion in USDC on Solana in 2026, with an additional $250 million issued in the last 24 hours. Consequently, the total market capitalization of stablecoins on Solana has exceeded $15 billion again. An AMBCrypto report states that the number of monthly active users on Solana has re-exceeded 100 million, with 37 million new users joining in the past month. This indicates rapid expansion of the Solana ecosystem in terms of user base and liquidity. However, Solana's price has fallen over 35% in 2026, reaching 1.3 times the decline of Bitcoin, indicating a disconnect where increased on-chain activity does not directly translate to price increases.

95% Market Share in Tokenized Assets, Rising as a Physical Asset Infrastructure

Solana has secured a dominant position in tokenized asset trading. According to data from Crypto.com, Solana accounted for 95% of tokenized stock trading volume in the past week, recording $1.29 billion. This indicates that Solana is taking the lead in the tokenized real-world asset (RWA) market based on high-speed trading infrastructure. The Solana ecosystem is expanding into DeFi and prediction markets with the launch of the fully on-chain prediction market platform "World," integrated with Chainlink and Phantom Wallet. A market analysis report evaluated that Solana continues to maintain an advantage in the market share of tokenized real-world assets and possesses transaction speeds that surpass most blockchains. The Solana Foundation is conducting a $100,000 airdrop for the community, planning to distribute $500 to 200 users. This move is based on the financial capacity of the Solana ecosystem, which recorded over $1 billion in revenue and $400 million in share buybacks, indicating a strengthening of community-centered strategies.

Technical Analysis: Defending Support at $74-$75, Key to Breaking $81

Currently, Solana is trading at $75.92, below both the 50-day and 200-day moving averages. According to Adalytica, Solana's Relative Strength Index (RSI) is at 29.3, nearing the oversold zone, and the MACD remains below the signal line. Technical analysis from CryptoRank warns that if the support at $73.56 breaks, there is a risk of falling to $70. Conversely, if it breaks above $75.62, there is potential for a rise to $81-$83, and subsequently to $93. CaptainAltcoin noted that after the peak around $83 in early July, the pace of corrections has slowed, and buying pressure is defending the $74-$75 support level. A pattern of higher highs is forming below the $77-$78 resistance level, indicating signs of renewed buying interest. CoinGecko's predictive data suggests a 6% probability that Solana will reach $90 by July 2026, and a 34% probability of revisiting the $70 support level, assessing the overall market sentiment as bearish. The current price is approximately 71% lower than its all-time high of $259, indicating a potential for about 3.4 times upside if a full recovery occurs. Solana is in a unique phase where price recovery is delayed despite strong fundamentals from institutional inflows and on-chain growth. The E*Trade listing, expanded ETF inflows, and surges in stablecoins and users suggest improvements in the medium to long-term investment environment, but short-term price movements are still expected to be influenced by macroeconomic conditions and overall risk appetite in the cryptocurrency market. Whether the support range of $74-$75 holds and the success of breaking $81 will be key variables determining future direction.

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