Solana Eyes Expansion as Tokenized Stocks Rise
Solana (SOL)
Editor:
Eugene Serbin
Tronweekly.com reports that Solana is showing early signs of a performance turnaround following a key technical setup on its weekly chart. At the time of writing, SOL trades at $100.14 with a market capitalization near $59 billion and a 24-hour volume of $6.27 billion. Crypto analyst Trader Tardigrade identified an approaching crossover between the 100-period and 150-period simple moving averages after the price reversed from a falling trend.
This formation includes a price base and the meeting of the two moving averages, which may mark the start of a bigger expansion period. Tardigrade noted that similar patterns have preceded past rises in SOL price and set a technical target of $1,000 per SOL. The price is currently trading in the middle Bollinger Band at 101.78890, below the upper band at 106.48874, indicating the uptrend is losing some pace.
The MACD line sits at 2.14603 below the signal line, with a negative histogram reading of -1.27681, weakening bullish momentum. Beyond price action, Solana is gaining traction through the growth of tokenized equities, with Solflare introducing over 750 tokenized stocks including Nike, Disney, and Airbnb. This development ties Solana’s technology to traditional finance, allowing stocks and ETFs to be traded via the blockchain. The US Securities and Exchange Commission announced a five-year exemption on September 17th to help blockchain-based trading of tokenized stocks.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 17 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows SOL trading at $98.66, with a 1-hour buy ratio of 52.5% and a 4-hour ratio of 51.9%, both slightly above the 24-hour ratio of 50.8%. This indicates that buying pressure is building in the short term relative to the daily average. Volume deltas are positive across all timeframes, with the 1-hour delta at +$254,541 and the 4-hour delta at +$1,357,077, suggesting net inflows. The cumulative volume delta for the 24-hour close is +$6,227,207, confirming that buyers have been in control for 15 of the last 24 hours. These figures show that spot volume reached $228,361,666 with 721,490 trades, reflecting active participation.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Compared to the preceding week, the current 24-hour buy ratio of 50.8% is 2.2 points higher than the 7-day average of 48.5%. This suggests that today is an unusually active day for buyers compared to the recent weekly trend. Volume is also elevated, trading at 1.06 times the weekly average, indicating increased activity. However, the price has still dropped 2.9% over the past eight days, with a total volume delta of -$37,757,426 for the period. Only two of the last seven days saw net buying, making this recent uptick in short-term buy ratios a notable shift from the broader weekly decline.