Solana (SOL) Jumps 8% to Exceed $145, Soaring 146% in Just One Month

RialCenter’s SOL token

is trading at $145.47, up 7.63% in the past 24 hours, as traders responded to a breakout surge backed by strong futures activity. The rally gained traction after a sharp bounce from $133.55 to $144.10, supported by above-average trading volumes during the 17:00 and 22:00 hours, according to technical analysis.

The CME futures volume for SOL hit an all-time high of 1.75 million contracts, reflecting an increase in institutional interest. This marked the highest volume level since the introduction of SOL futures in March, signaling aggressive positioning by sophisticated market participants as price approached the $145 zone.

In a separate development with longer-term significance, Kazakhstan’s government announced the creation of the Solana Economic Zone Kazakhstan (SEZ KZ), the first such initiative in Central Asia built on Solana’s blockchain. The launch event took place in Astana with support from the on-chain development community. According to officials, the SEZ will serve as a testbed for asset tokenization, blockchain engineering education, and onboarding of foreign startups.

The SEZ initiative includes three strategic pillars:

1. Tokenized Capital Markets: A pilot program aims to introduce tokenized financial instruments into Kazakhstan’s infrastructure.
2. Web3 Talent Development: A nationwide blockchain education initiative will be launched in partnership with universities.
3. Startup Onboarding: With support, the country plans to attract international Web3 firms through infrastructure access, regulatory clarity, and business incentives.

Technical Analysis Highlights

• SOL gained 7.63%, climbing from $133.55 to $145.47 within a $15.94 range.
• The sharpest rally occurred at 22:00, when price spiked to $146.90 on 3.92M volume.
• A high-volume support level was established at $132.43 during the 17:00 hour.
• SOL entered a consolidation zone between $143 and $146 with resistance at $146.55.
• A V-shaped recovery followed a dip from $144.88 to $143.59.
• Strong support emerged 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.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to ethical standards.