Solana’s Sol token
was the trade at $ 145.47, up to 7.63% in the past 24 hours, as entrepreneurs responded to a breakout surge supported by strong futures activity. The rally gained traction after a sharp bounce from $ 133.55 to $ 144.10, supported by more than the average trading volume during the 17:00 and 22:00 hours, according to the CoinDesk Research’s technical review model.
For Post on x Earlier today by the CME’s crypto analytics firm, Sol’s quantity of futures hit a full time of 1.75 million contracts, reflecting an increase in institutional interest. It has marked the highest volume level since the exchange of Sol Futures introduced in March, which signed the aggressive positioning of sophisticated market participants as the price approached the $ 145 zone.
In a separate development with a longer significance, the Kazakhstan government has released a Press release On May 30, the creation of the Solana Economic Zone Kazakhstan (SEZ KZ) was announced, the first of the said initiative in Central Asia built on Solana’s blockchain. The launch event took place in Astana with support from the Solana Foundation and government agencies. According to the Ministry of Digital Development, Innovation and Aerospace Industry, SEZ will serve as a testbed for asset tokenization, blockchain engineering education, and foreign start.
The SEZ initiative includes three strategic columns:
- Tokenized Capital Markets: A pilot program with Aix, Solana Foundation, Jupiter, and Intebix aims to introduce financial instruments to tokenized to Kazakhstan’s infrastructure.
- Developing Web3 talent: A Nationwide Blockchain Education Initiative will launch in collaboration with universities and Astana Hubs.
- Startup onboarding: In support from Forma, the country plans to attract web3 international companies by accessing infrastructure, regulation clarity, and business incentives.
Technical assessments
- Sol gained 7.63%, climbing from $ 133.55 to $ 145.47 within a range of $ 15.94.
- The sharp rally took place at 22:00, when the price spun $ 146.90 at a volume of 3.92m.
- A high -volume support level was established at $ 132.43 within 17:00 hours.
- Sol enters a integration -with the zone between $ 143 and $ 146 with a resistance to $ 146.55.
- A V-shaped recovery followed a sink from $ 144.88 to $ 143.59.
- Strong support appeared at $ 143.60 with 38,097 Sol Volume at 13:53.
- A short -term support band formed between $ 143.60 and $ 143.80.
- Immediate resistance was observed at $ 144.30.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
