Solana Leads RWA Inflows as Price Teeters Near Key Resistance

Solana has taken the lead in real-world asset (RWA) net inflows over the past 30 days, pulling in $254 million as of August 17. This surpasses Ethereum's outflow of $298 million and $BNB Chain's outflow of $277 million.

The Solana price is currently trading inside a tightening symmetric triangle, with support at $74.74 and resistance at $79.24. The Parabolic SAR at $77.61 sits just overhead and stays bearish until the price closes above it.

A break above the $77.61 to $79.24 zone would open the path toward $83.75, a 0.618 Fibonacci level. On the other hand, if the triangle breaks lower, the next support is at $69.17, a 0.236 Fibonacci level.