Solana’s Soltoken
is traded at $ 145.47, an increase of 7.63% over the last 24 hours when dealers responded to a breakout wave supported by a strong futures activity. Rally got traction after a sharp rejection of $ 133.55 to $ 144.10, supported by above average trading volumes over 17:00 and 22:00 hours, according to Coindesk Research’s technical analysis model.
Per a post of x earlier today by the Crypto Analytics company Glassnode, CME Futures Volume for Sol hit a highlight of 1.75 million contracts, reflecting an increase in institutional interest. This marked the highest volume level since Børsen introduced Sol Futures in March, signaling aggressive positioning of sophisticated market participants as Price approached the $ 145 zone.
In a separate development with long -term importance, Kazakhstan’s government issued a press release on May 30, announcing the establishment of Solana Economic Zone Kazakhstan (SEZ KZ), the first such initiative in Central Asia built on Solana’s blockchain. The launch event took place in Astana with the support of the Solana Foundation and government agencies. According to the Ministry of Digital Development, Innovation and Aerospace Industry will SEZ serve as a test bed for activation, blockchain engineering and foreign start -up on board.
The SEZ initiative includes three strategic columns:
- Tokenized capital markets: A pilot program with AIX, the Solana Foundation, Jupiter and Intebix aims to introduce tokenized financial instruments in Kazakhstan’s infrastructure.
- Web3 Talent Development: A nationwide blockchain training initiative is launched in partnership with universities and Astana Hub.
- Start -onboarding: With the support of Forma, the country plans to attract international web3 companies through infrastructure access, regulatory clarity and business incentives.
Technical analysis highlights
- Sun rose 7.63%and climbed from $ 133.55 to $ 145.47 within a $ 15.94 range.
- The sharpest rally occurred at. 22:00 when the price was spiked at $ 146.90 on 3.92 m volume.
- A high volume support level was established at $ 132.43 in 17:00 hours.
- Sun went into a consolidation zone between $ 143 and $ 146 with resistance to $ 146.55.
- A V-shaped recovery followed a dip from $ 144.88 to $ 143.59.
- Strong support arose at $ 143.60 with 38,097 Sun volume at. 13:53.
- A brief support band formed between $ 143.60 and $ 143.80.
- Immediate resistance was observed at $ 144.30.
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.
