Solana (SOL) faces a key test as buyers attempt to regain control following a pullback, while VIDAx records higher trading volume on the blockchain than traditional stock exchanges. The milestone highlights growing activity in tokenized financial products and alternative access to stock-related markets through blockchain infrastructure.
As of now, according to CoinMarketCap data, SOL is trading at $104, with an increase of 0.66% over the past 24 hours and 0.66% over the past week.
SOL Eyes Recovery Toward $120 as $101 Support Comes Into Focus
Crypto analyst BitGuru notes that SOL is trading around $104 following a price pullback, with buyers looking to establish support. The $101 level has emerged as an important area that could determine whether the cryptocurrency rebounds or faces further declines.
If buyers successfully defend this level, SOL could rebound toward $112, with a further move to $120 possible if bullish momentum strengthens. These targets depend on renewed buying pressure and SOL maintaining support during the recovery attempt.
However, a break below $101 could weaken the bullish outlook and expose SOL to further downside toward $96. Traders are watching whether buyers can defend the current price area, as the next move could shape the token’s short-term direction.
VIDAx Trading Volume on Solana Doubles Stock Exchange Activity
The data from xStocks further shows that VIDAx recorded twice the trading volume on Solana compared with traditional stock exchanges over the past 30 days. The figures highlight activity in tokenized financial products and the use of blockchain networks to access stock-related markets.
Operating on Solana allows VIDAx to use blockchain infrastructure to make tokenized assets accessible to eligible users across different regions. This model offers an alternative way to access tokenized products through onchain platforms rather than relying solely on traditional trading venues.
The reported milestone highlights the potential of tokenization to expand access to financial markets beyond established trading venues. However, the comparison applies specifically to VIDAx during the stated period and does not mean tokenized stocks have surpassed traditional stock exchanges across the wider market.
