Solana recorded the largest increase in tokenized fund market capitalization among major blockchain networks over the past 24 hours, adding $57.5 million, according to RWA Foundation data. The development highlights growing activity in Solana’s real-world asset (RWA) ecosystem, even as the SOL price faces pressure from a broader market correction. Meanwhile, crypto analyst Crypto Patel says Solana entered the Wave C phase of its bearish structure, reaching the $70 region as the token approaches an important support test.
Table of Contents
Solana Leads Tokenized Fund Growth
The RWA Foundation reported that Solana added $57.5 million in tokenized fund market capitalization over 24 hours. This placed the network ahead of Ethereum, Avalanche, Aptos, and XRP Ledger.
Ethereum followed with $6.8 million, while Avalanche added $3 million. Aptos recorded $2 million, and XRP Ledger gained $1.6 million. Fraxtal and Polygon posted smaller increases of $621,100 and $504,100, respectively.
Source: RWA Foundation’s X Post
Solana’s growth was more than eight times Ethereum’s, highlighting its strong position in the latest tokenized fund market expansion.
The development adds to Solana’s presence in the real-world asset sector. However, tokenized fund market capitalization growth does not necessarily represent direct capital inflows into SOL. Instead, it reflects the expansion of assets issued on the network.
Also Read: Solana Expands RWA Market With 200+ Equities as SOL Price Eyes Upside Move
SOL Price Faces Continued Selling Pressure
Solana’s expanding tokenized fund market provides positive ecosystem context while its native token faces selling pressure.
SOL traded around $75.16 on November 14, declining approximately 7.44% over 24 hours. Its seven-day decline reached approximately 16.18%, while its market capitalization remained near $44.51 billion.
The recent price weakness reflects a challenging market environment for Solana. Despite growing activity in its tokenized fund ecosystem, the native token has struggled to maintain its previous valuation levels.
This contrast highlights the difference between network adoption and short-term token performance. Continued growth in real-world assets could strengthen Solana’s ecosystem, but it does not guarantee an immediate price recovery.
SOL Price Tests Key $70 Support Level
SOL’s recent price movement reflects a significant correction from earlier levels. The token traded near $75 after approaching the $70 region, which Crypto Patel identified in his bearish market scenario.
The immediate focus is whether buyers can defend this support area and prevent further downside. A sustained recovery could improve the short-term outlook, although stronger confirmation would require the SOL price to reclaim important resistance levels.
A breakdown below support could increase selling pressure and expose lower price levels. The $70 region therefore remains important for determining whether Solana can establish a recovery or continue its downward movement.
Crypto Patel Highlights $1000 Target Zone
Crypto Patel explained that his expected Wave B recovery did not develop. Instead, Solana moved directly into Wave C, reaching the $70 region.
According to the analyst, the bearish scenario played out as anticipated. He also highlighted the difference between current sentiment and expectations from the previous month, when many traders targeted $200–$300 after SOL crossed $120.
Source: Crypto Patel’s X Post
Patel now considers current support important for a potential bullish reversal. If buyers defend this region, SOL could establish a foundation for recovery.
However, if support fails, he is prepared to accumulate Solana near $30 for the long term. His longer-term outlook includes potential targets between $500 and $1,000. These remain personal expectations rather than confirmed market outcomes.
What Comes Next for SOL?
Solana’s next major challenge will be defending its current support region. Market participants will also monitor continued tokenized fund expansion and broader market conditions for signs of improving sentiment.
Continued RWA growth could strengthen Solana’s ecosystem position. However, network adoption alone does not guarantee an immediate recovery in SOL’s market price.
Solana is showing contrasting developments across its ecosystem and market structure. Its tokenized fund growth highlights increasing RWA activity, while SOL remains under pressure. The $70 region remains important for a potential recovery, while a breakdown could expose the $30 accumulation area identified by Crypto Patel.
Also Read: Solana RWA Holders Surpass 1 Million as SOL Price Outlook Draws Attention
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Usman Zafar is a News Desk writer at Tronweekly with over five years of experience in cryptocurrency and blockchain journalism. He covers Bitcoin, Ethereum, DeFi, crypto laws and regulation, market activity, Layer 2 scaling solutions, and blockchain-based innovations, focusing on fast-moving developments and official industry updates. Usman previously wrote for BTCread and follows strict verification and editing practices to ensure accurate, timely, and responsible crypto news for a global audience.
