Solana (SOL) traded at $85.24 on February 17, 2026, showing slight consolidation amid a bearish trend. Analysts note the asset is range-bound between $76 and $90, with technical indicators suggesting short-term consolidation. The price movement coincided with the launch of an instant redemption facility for tokenized assets on Solana, a development aimed at boosting institutional liquidity.
Solana’s SOL was trading at $85.24, down 0.15% over 24 hours as daily trading volume declined to $3.27 billion. Weekly performance showed a modest gain of 1.31%, according to data from CoinMarketCap. The price action occurred alongside a major infrastructure upgrade designed to improve liquidity for tokenized assets on the network.
Analyst CryptoPulse notes the asset is trading in a horizontal range between $76 and $90 on the four-hour chart. The $88–$90 resistance zone has faced consistent rejection, while the $76–$77.5 support level has repeatedly held.
The new instant redemption facility was launched by Multiliquid and Metalayer Ventures, with operational support from Uniform Labs. This system allows token holders to convert positions into stablecoins at any time, addressing liquidity bottlenecks. Solana’s tokenized real-world asset market has surpassed $1 billion in value, with assets from issuers including VanEck, Janus Henderson, and Fasanara.
Nick Ducoff, Head of Institutional Growth at the Solana Foundation, stated: “Redemption reliability becomes critical infrastructure as our RWA market grows. This initiative strengthens the ecosystem for issuance, trading, and redemption.” The platform also aims to integrate with DeFi protocols like Kamino to expand exit options for investors.
