Is Solana quietly building the base for its next big leg? After a long grind lower, SOL is acting like an asset that has found buyers again, and the higher timeframe is starting to agree.
For anyone hunting a realistic Solana price prediction 2029, the weekly structure matters more than any single day's candle.
Solana Price Today: Market Cap, Supply and Volume
Solana price today sits near $120, down 0.27% on the day, per Coinglass data. 
The same page lists a $70.64 billion market cap on 588.38 million circulating SOL, with futures volume of $5.78 billion against $487.17 million in spot. 
Solscan shows supply total supply near 635.31 million SOL.
Solana Open Interest: Is Leverage Backing the Rally?
Solana open interest reads $7.34 billion on Coinglass with SOL near $120.77, up from roughly $5 billion in mid-August.
Rising OI during a recovery shows traders committing capital, but it also raises liquidation risk if the structure cracks.
The signal is constructive with a caveat.
Solana News: Tokenized Gold Goes Live
Per an X post by Solana, DGLD, the tokenized gold from Swiss refiner MKS PAMP, is now live on the network. 
Over a million SwissBorg users can buy it in the app, with liquidity managed by Arrakis Finance.
It is a small step for tokenized real-world assets on Solana and supports the adoption story behind any Solana forecast, though not a price catalyst on its own.
Solana DvP Settlement Tool: What Does the Launch Mean for SOL?
Per a BSCN post on X, the Solana Foundation has launched an open-source settlement tool built for institutional financial markets.
The tool, called Solana DvP, uses standardized APIs so institutions can exchange assets and payments at the same time. 
J.P. Morgan provided input on institutional settlement practices while the tool was being designed.
The foundation says transactions can reach finality in seconds instead of the longer periods used in traditional settlement.
The launch also comes as BlackRock and Kraken expand tokenized financial products on Solana.
For the Solana forecast, the news adds an institutional adoption angle, but it does not change the chart on its own.
Price still needs to respect the key levels and volume to confirm any move.
Solana TVL and Network Activity on DefiLlama
DefiLlama data shows DeFi TVL at $6.775 billion, up from June lows near $4.5 billion on its chart. 
Stablecoin market cap stands at $16.75 billion, real-world asset AUM at $2.43 billion, and active addresses at 3.1 million.
Steady Solana TVL growth alongside price is the confirmation chart watchers want, though 24-hour inflows were slightly negative.
Solana Weekly Chart Analysis: What Is the Trend?
TradingView chart data shows SOL slid for months after being rejected near 252.71 in 2025, then carved out a rising channel from the lows.
Price, near 119.97, has now pushed above that channel, a Solana ascending channel breakout that shifts control back toward buyers.
The weekly EMAs have also formed a Solana golden cross, and the averages near 106.83 and 109.39 now sit beneath price as dynamic support. 
Weekly RSI at 63.89 is above the 50 midline, so momentum is positive without being stretched.
On the upside, 147.60 is the first major resistance, about 23% away. A weekly close above it would open the path toward 187.76, then 252.71 and 293.73, the cycle high.
On the downside, 97.18 is key support, with 62.51 and 9.78 as deeper floors. These Solana key resistance levels are zones where price may stall before moving on.
Solana Price Prediction 2029: Scenario-Based Outlook
Will Solana go up from here? The structure says yes, as long as the broken channel edge holds on a retest.
$500 sits outside this map. It would need a clean break of 293.73 and fresh price discovery, so it is an outer scenario, not a base case.
For an earlier outlook, check out our Solana Price Prediction 2028 and see how SOL’s key levels and market trend have evolved.
Key Risks for SOL Holders
Heavy leverage, futures-led volume, and an RSI above 60 argue for caution. A drop back inside the channel would flag a false breakout.
Expert Opinion: Analyst Desk View
As per the analyst desk, the Solana forecast leans constructive. The channel breakout, golden cross, rising TVL, and growing real-world asset activity all point the same way.
Confirmation needs weekly closes above 147.60, while 97.18 protects the structure.
Conclusion
Solana has broken out of a rising channel, printed a golden cross, and is attracting leverage and on-chain activity. Watch 147.60 above and 97.18 below.
Disclaimer: This article is for informational purposes only and is not financial advice. Cryptocurrency markets are highly volatile, so invest only what you can afford to lose.
