SOL Rises 7.63% as CME Futures Volume Reaches Record High
Solana's SOL Token Update
SOL is trading at $145.47, a 7.63% increase over the past 24 hours. This rise follows a breakout surge supported by strong futures activity:
- Price increased from $133.55 to $144.10.
- Above-average trading volumes noted between 17:00 and 22:00.
- CME futures volume reached an all-time high of 1.75 million contracts, indicating institutional interest.
Kazakhstan's Initiative
The government announced the creation of the Solana Economic Zone Kazakhstan (SEZ KZ), the first initiative in Central Asia based on Solana’s blockchain:
- Tokenized Capital Markets: Pilot program for tokenized financial instruments with local partnerships.
- Web3 Talent Development: Nationwide blockchain education initiative with universities.
- Startup Onboarding: Attracting international Web3 firms through regulatory clarity and business incentives.
Technical Analysis Highlights
- SOL gained 7.63%, moving within a $15.94 range.
- Peak price at 22:00 was $146.90 on 3.92M volume.
- High-volume support level established at $132.43 during the 17:00 hour.
- Consolidation zone observed between $143 and $146 with resistance at $146.55.
- Strong support at $143.60 with notable volume recorded.