Solana ($ Sol) gets institutional traction while the Japanese bank explores stablecoin payments

Solana

Declined 3.36% over the past 24 hours, withdrawing from $ 155.69 to $ 150.81, according to the CoinDesk Research’s technical review model, amid greater market pressure, even the institutional development of the Asian signal growing momentum for blockchain,

One of Japan’s most digital progressive banks has launched a new initiative that can expand real-world applications for Solana’s infrastructure.

The Minna Bank, a digital-native bank and a subsidiary of the Fukuoka Financial Group, has been announced A new research cooperation The fireblocks, solana, and tis include how the wallets of Stablecoins and Web3 can recharge consumer finance in Japan. Join the study will focus on usage cases such as payments, on-chain banking, and user experiences that are consistent for the country’s mobile-first population.

The collaboration came as Stablecoins exceeded $ 250 billion in market capitalization, drawing interest from banks seeking to modernize payments, deposits, and settlement processes. CEO of Fireblocks Michael Shaulov emphasized that the project could unlock new efficiency in how the value has moved throughout the digital economy.

The Minna Bank customer base is primarily between the ages of 15 and 39-traditional banks-making it a chief candidate for testing Stablecoin-based solutions. The bank’s approach, which includes financial services with daily expenditure patterns, reflects the broader banking-as-a-service approach.

Although Solana’s price continues to trade below recently -only highs, initiatives like this feature its appeal as a platform for business and fintech change. At the Rex-OSPREY Solana + Staking ETF recently launched and Defi Development Corp. Expanding its sol holdings, institutional confidence in the ecosystem appears to be unspecified by short -term volatility.

Technical Assessments:

• Sol has dropped 3.36% from $ 155.69 to $ 150.46 in 24 hours period from July 3 to 10:00 to July 4 at 09: 00.P
• The action of rice is between $ 155.79 and $ 149.13, indicating 4.28% volatility of intraday.
• The resistance is emerging at $ 153.77 during July 4 05:00 hours in raised volume.
• The support will be held firm at $ 149.13 during the period of 08pm, with strong purchase activity.
• A recovery phase began in the final 60 minutes, pushing Sol from $ 149.97 to $ 150.57, a 0.40% gain.
• The price has formed a mini-utrend with higher lows after it breaks $ 150.20 resistance to 09:03.
• Volume moved forward at 08:50 (24,245 units) and 09:15 (22,894 units)Confirmation of upward momentum.
• SOL stabilizes above $ 150.63 with a low resistance to the immediate path.

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