Solana’s SOL Token Trading at $144.04 Amid Rising Institutional Interest
Solana's SOL token is currently priced at $144.04, reflecting a 0.62% decrease over the past 24 hours. It peaked at $147.73 earlier in the trading session.
Key developments include:
- Increased trading volume and comments from Ryan Watkins, Co-Founder of Syncracy Capital, regarding Solana's significance in the crypto economy.
- Watkins emphasized the competition between Solana and Hyperliquid as crucial for the future of on-chain U.S. equities.
- He projected that the leading platform could reach a valuation between $100 billion and $500 billion.
- Recent commentary suggested Solana is poised to lead the “tokenization of everything.”
- Institutional interest is rising, with CME Futures volume for SOL hitting a record 1.75 million contracts.
- Current support levels for SOL are attracting attention, particularly around the $148–$150 range.
Technical Analysis Highlights
- SOL traded within a 24-hour range of $4.96 (3.47%), from $145.09 to $147.45.
- Support established at $143.02; resistance at $147.98.
- Price increased from $146.27 to $147.31 between 13:06 and 14:05 UTC.
- Session high of $147.98 occurred between 13:43 and 13:46 on strong volume.
- A resistance band formed between $147.90 and $148.00; support held at $146.70.