#MyGateTradeStory

Solana Sets New Tokenization Record, But Why Is the Price Still Struggling to Break US$100?
Solana
SOLUSD
dominates nearly 99% of all tokenized shares traded on decentralized exchange (DEX) spot on June 20, recording a daily record of over US$200 million despite the token's price being at its lowest level in several years.
Solana dominates tokenization trading while the Relative Strength Index (RSI) monthly records its lowest level ever, and SOL is traded at US$73.86, down 45% in the past year. This shows a sharp contrast between adoption levels and price.
Solana Tokenization Dominance, Sets New Record
Tokenized share volume on decentralized exchange spot surged to around US$220 million on June 20. Solana contributed nearly all of this total.
This figure is much higher than the daily volume of US$20 million to US$60 million recorded throughout most of this year. Ethereum, Base, and BNB Chain only hold a small portion.
This increase indicates rising demand for tokenized share trading on Solana, known as one of the fastest chains. The growing flow of tokenization could boost liquidity and attract more new issuers.
Active Addresses Show a More Cautious Side
This record volume contrasts with Solana's declining user base. Daily active addresses have been decreasing since late January.
According to Santiment data, this metric peaked at nearly 5.5 million in early February, but now only about 2.55 million remain.
This decline suggests that the volume surge may be driven by concentrated activity rather than broad network growth. Fewer participants are transacting on the chain, even though headline volume increases. Whether SOL is truly oversold depends heavily on which signals traders trust at this moment.
Monthly RSI Reaches Lowest Level in History
On the monthly chart, Solana's RSI dropped to 41.84, marking the lowest level in the token's history. This metric has never been this weak on a monthly basis, even during the major decline in 2022.
SOL also retested the December 2023 price zone near US$74. The RSI value this low indicates very weak momentum, not an oversold signal as taught in textbooks.
Long-term support is around US$50, while the US$100 level remains a psychological resistance. Long-term prediction models are still divided on whether that support can hold, as seen in previous analyses.
SOL Price Prediction Depends on US$80 Retest
On the daily chart, SOL has been moving within an upward parallel channel for most of 2026 before finally breaking down in early June. The decline reached a target above US$60.
The SOL price then rebounded to US$73.86, gaining about 1% in a day and rising 3.6% over the past week. The next challenge is around US$80.
This US$80 zone coincides with a bearish retest of the lower part of the broken channel. If rejected at that zone, SOL's daily trend could turn downward again toward the US$60 support area, following the previously identified analysis.
If SOL manages to break above and hold above US$80, bearish pressure may lessen, and the price could continue toward US$100. Sustained high tokenization demand could help push it higher, while weakening on-chain activity makes investors more cautious.
Currently, SOL is between its highest adoption levels in history and the weakest monthly momentum. The US$80 retest will likely determine which signal prevails.