Solana (SOL) Price Eyes More Upside After Securitize NYSE Listing and Governance Upgrade
The tokenized RWA market now exceeds $43 billion, with analysts expecting significant growth over the remainder of the decade. Citigroup recently projected the market could expand to between $5.5 trillion and $8.2 trillion by 2030.
Securitize CEO Carlos Domingo described the listing as validation that public equities are moving on-chain, arguing that issuer-sponsored tokenization offers regulatory clarity while preserving direct ownership of traditional securities.
Solana Introduces Stake-Weighted Governance
Alongside the institutional milestone, the Solana Foundation rolled out a major governance upgrade on July 1.
The newly activated Solana Governance Proposals framework gives validators holding at least 100,000 staked SOL the ability to formally submit governance proposals and participate in stake-weighted voting on protocol decisions.
The system separates high-level strategic questions from the technical upgrades developers continue to manage, creating a clearer governance structure for the network.
Importantly, individual delegators retain the ability to override their validator's vote, introducing an additional layer of decentralization while maintaining efficient decision-making.
The governance upgrade reflects Solana's broader effort to strengthen both institutional adoption and community participation simultaneously.
While tokenized securities attract asset managers and financial institutions, the new governance model aims to increase transparency and accountability among validators responsible for securing the network.
Whether these initiatives translate into greater on-chain activity will largely depend on adoption over the coming months, particularly the trading volume generated by tokenized SECZ shares.
Bullish Technical Signals Support SOL Recovery
Beyond the ecosystem developments, market indicators also suggest improving sentiment toward Solana.
SOL currently trades above its 50-day exponential moving average, indicating buyers have regained short-term control after weeks of market weakness. Although the token remains below its 100-day and 200-day EMAs, momentum indicators continue to improve.
The Relative Strength Index has climbed to around 60, signaling healthy buying pressure without entering overbought territory, while the Moving Average Convergence Divergence (MACD) remains in positive territory.
Derivatives markets tell a similar story. CoinGlass data shows the long-to-short ratio has climbed to 1.11, the highest reading in more than a month, indicating traders increasingly expect higher prices.
Funding rates have also turned positive, suggesting long-position holders are willing to pay a premium to maintain bullish exposure.
Institutional demand has also started to recover. Spot Solana ETFs recorded approximately $521,000 in net inflows during the latest trading session, bringing cumulative weekly inflows to roughly $3.55 million.
Although modest compared with Bitcoin or Ethereum ETFs, the inflows indicate that traditional investors continue adding exposure despite broader market uncertainty.
From a technical perspective, SOL faces immediate resistance near $79-$82, followed by stronger barriers around $90 and the 200-day EMA near $97.
On the downside, support remains clustered between $75 and $77, where buyers have repeatedly stepped in during recent pullbacks.
This article has been published in ccn.com via Yahoo News.
Solana (SOL) Price Eyes More Upside After Securitize NYSE Listing and Governance Upgrade
Solana has climbed nearly 19% over the past week, supported by improving technical indicators, bullish derivatives positioning, and institutional interest. Securitize launched $295 million in ...
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