Solana’s sun
The token deals with $ 144.04, dropped 0.62% over the last 24 hours, after short -term climbing as high as $ 147.73 earlier in the session, according to Coindesk Research’s technical analysis model.
The move came in the midst of an increase in trade volume and fresh comment from Syncracy Capital co-founder Ryan Watkins, who confirmed Solana’s long-term importance in the evolving crypto economy.
Watkins, whose company makes concentrated, thesis-driven investments in crypto, followed up on a prediction he made in May when he called the competition between Solana and Hyperliquid “Cryptoeconomy’s defining battle” as US stocks begin to migrate onchain. At that time, he suggested that the winner could be a $ 100 billion platform to $ 500 billion that was able to reshape capital markets.
On June 25, in a new post on X, Watkins said Solana now seems to be “tokenization of everything”, while Hyperliquid is placed to dominate the eternal futures room. The comments reinforced market stories about Solana’s potential to support the next wave of blockchain-based financial infrastructure.
Institutional interest in Solana continues to rise, with CME futures volume for sun recently hits a record height of 1.75 million contracts. Market surveys have taken this as a sign of elaboration of commitment from sophisticated investors, even when the price is cooled from the recent heights. Sun’s current support levels and structural strength are attentive in front of potential gene test in the area $ 148- $ 150.
Technical analysis highlights
- Sun acted in a 24-hour range of $ 4.96 (3.47%) From $ 145.09 to $ 147.45.
- Support was created for $ 143.02 with resistance to $ 147.98.
- Between 13:06 and 14:05 UTC rose the price from $ 146.27 to $ 147.31, a gain of 0.71%.
- The session high at $ 147.98 was registered between 13:43 and 13:46 on strong volume.
- A resistance band formed between $ 147.90 and $ 148.00, while support held at $ 146.70.
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.
