Solana Price Finally Turns Green After 10-Month Losing Streak

Solana's price has finally turned green after a long streak of red. In August, Solana finished its first month in the green after almost a year of losses.

The monthly MACD was behind the new gains, getting close to a bullish crossover at press time. The monthly RSI also broke a two-year downtrend, indicating an improvement in pace.

Solana is still below its previous highs, but market bulls can find something to work with after months of pressure. One green candle doesn't confirm a change in tides, but it's a good sign.

The number of Real-World Assets (RWAs) holders on the network climbed over 420,000, placing Solana among the largest chains for tokenized assets. This growth is despite competition from Ethereum and others.