Solana's SOL Token Surges 7.63% to $145.47 on Futures Activity and Risk Sentiment

Solana's SOL token experienced a significant surge, rising 7.63% to $145.47 over the past 24 hours. This rally was driven by strong futures activity and improving risk sentiment across crypto markets. The token's price climbed from $133.55 to $145.47, supported by above-average trading volumes during the 17:00 and 22:00 hours. The sharpest rally occurred at 22:00, when the price spiked to $146.90 on 3.92M volume. A high-volume support level was established at $132.43 during the 17:00 hour, indicating strong intraday support.

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. This marked the highest volume level since the exchange introduced SOL futures in March, signaling aggressive positioning by sophisticated market participants as the price approached the $145 zone. The strong intraday support emerged around $132.43 during the early stages of the rally, indicating a robust market response to the improving risk sentiment.

In a separate development, 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 Solana Foundation and government agencies. The SEZ will serve as a testbed for asset tokenization, blockchain engineering education, and foreign startup onboarding. The initiative includes three strategic pillars: Tokenized Capital Markets, Web3 Talent Development, and Startup Onboarding. A pilot program with AIX, Solana Foundation, Jupiter, and Intebix aims to introduce tokenized financial instruments into Kazakhstan’s infrastructure. A nationwide blockchain education initiative will be launched in partnership with universities and Astana Hub. With support from Forma, the country plans to attract international Web3 firms through infrastructure access, regulatory clarity, and business incentives.

Technical analysis highlights include SOL gaining 7.63%, climbing from $133.55 to $145.47 within a $15.94 range. 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.