Solana recorded its first green monthly candle in ten months in August 2024, with the monthly MACD approaching a bullish crossover and the monthly RSI breaking a downtrend that lasted nearly two years. Solana’s RWA (real-world assets) ecosystem hit a new all-time high of $4.35 billion, with over 420,000 holders. The network now captures 67% of multichain memecoin volume on spot DEXs, nearly three times Robinhood’s 23% share. These indicators suggest a momentum shift, although SOL remains well below its previous highs.
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