Solana Dominance Grows to 99% As Price Gains 12% After Key Demand Bounce

• Solana dominates tokenized stock trading, holding 99% market share for four consecutive months.
• Price bounced from key support at $121.66 and is approaching resistance at $144.
• Short-term momentum shows early signs of trend reversal, but major resistance zones remain.

Solana has firmly established itself as the go-to blockchain for tokenized stock trading. According to CryptosRus, Solana captured 99% of the market in October, marking four consecutive months above 95% dominance.

Competing chains such as Ethereum, Base, Gnosis, Avalanche, and Sonic have minimal market share in this space. The shift highlights that developers building real financial products are favoring Solana due to its fast execution, predictable costs, and scalable user experience.

This is not hype; it’s a tangible lead in actual market share. The dominance of Solana in tokenized equities reflects a broader trend where developers prioritize efficiency and reliability.

The platform’s ability to handle large volumes of transactions without network slowdowns or unpredictable fees makes it a preferred choice for tokenized finance projects.

Also Read: Cardano vs Solana: Why ADA Is Winning the Long-Term Blockchain Battle

Solana Gains 12% as Buyers Step In

Currently, Solana trades at $142.40, up 12% in the week. Analyst The Crypto GEMs identifies that the price rebounded effectively from the main demand zone at $121.66, indicating that buyers entered the market actively.

For the moment, the test of the $144 resistance level is underway. If so, it will likely proceed to $152 or further. Major support levels are $138, $130, and $121, while resistance comes from $144 to $174. Moving averages are sloping up, and trading volumes are moving in the right direction.

On the weekly chart, there has been a strong +9.26% increase, suggesting that buyers are supporting the $121 zone. The increase comes after the price touched the lower Bollinger Band and the 0.786 Fibonacci level (~$122), which has historically strong support.

Momentum Indicators Signal Cautious Recovery

Momentum oscillators forecast a sluggish healing process. The RSI stands at 41.42, in the neutral to slightly bearish zone, indicating that the market is no longer thoroughly oversold.

The MACD index remains bearish; however, the shrinking bars of the histogram series forecast the slowdown of the selling process and the potential bearish turn due to sustained buying activity.

However, Solana has several points of resistance around $176-$216, formed by mid-2025 highs and Fib clusters. To gain a distinct reversal in the trend, the price needs to go above the midpoint of the Bollinger Bands at $189.

Until then, the market is in a corrective phase in a larger positive pattern, exhibiting early signs of strength but under pressure from larger resistance.

Also Read: Solana ETF Inflow Streak Ends After 22 Days, TSOL Slides