Solana
dropped 3.36% over the last 24 hours and withdrew from $ 155.69 to $ 150.81, according to Coindesk Research’s technical analysis model, in the midst of wider market pressure, even as institutional developments in Asia Signal grow Momentum for Blockchain,
One of Japan’s most digitally progressive banks has launched a new initiative that could expand applications in the real world to Solana’s infrastructure.
Minna Bank, a Digital-Inborn Bank and a subsidiary of Fukuoka Financial Group, announced a new research collaboration with Fireblocks, Solana and Tis to evaluate how stablecoins and web3 cartoons can reshape consumer financing in Japan. The joint study will focus on use cases such as payments, on-chain bank infrastructure and user experiences tailored to the country’s mobile-first population.
The partnership comes as stableecoins surpass $ 250 billion in market value, which draws increased interest rates from banks that want to modernize cross -border payments, deposits and settlement processes. Fireblocks’ CEO Michael Shaulov emphasized that the project could unlock new efficiencies in how value is transferred over the digital economy.
Minna Bank’s customer base is primarily between 15 and 39 year-olds of traditional banking-what makes it a first-class candidate for testing stablecoin-based solutions. The bank’s approach, which integrates financial services with daily consumption patterns, reflects its wider bank-as-a-service strategy.
Although Solana’s award continues to act below its recent heights, initiatives like this appeal highlight as a platform for business and fintech innovation. With Rex-Osprey Solana + Staking Etf, which recently launches and Defi Development Corp. Expansion of its solar stocks, institutional confidence in the ecosystem seems untapped by short-term volatility.
Technical Analysis Highlights:
- Sun dropped 3.36% from $ 155.69 to $ 150.46 during the 24-hour period from July 3 at. 10:00 to 4 July at. 09.00.P
- Rice action ranged between $ 155.79 and $ 149.13, indicating 4.28% intraday volatility.
- Resistance emerged up to $ 153.77 during July 4th 05:00 hour on elevated volume.
- Support held on to $ 149.13 within 08:00 hours of strong purchase activity.
- A restore phase began in the last 60 minutes and pushed sun from $ 149.97 to $ 150.57, a gain of 0.40%.
- The price formed a mini-trend with higher low low after breaking $ 150.20 resistance at 1 p.m. 09:03.
- Volume rose at. 08:50 (24,245 units) and 09:15 (22,894 units)that confirms upward momentum.
- Sun stabilized over $ 150.63 with low resistance in the immediate road.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
