Solana Signs MoU with Kazakhstan for Central Asia’s First SOL Economic Zone

Solana has recently signed a Memorandum of Understanding (MoU) with Kazakhstan to establish Central Asia’s first SOL-based economic zone. This strategic partnership is significant as it allows Solana to tap into a region that accounts for nearly 20% of the global crypto trading volume. By positioning itself as a key infrastructure layer in one of the fastest-growing crypto markets, Solana aims to enhance its regional adoption and solidify its presence in the blockchain ecosystem.

The news of this MoU has generated considerable interest among investors, who are closely monitoring Solana’s price movements for potential short-term trading opportunities. While the MoU provides a long-term boost, the immediate focus is on whether SOL can build enough momentum to recover from its current lows. Analysts are examining Solana’s network health and chart performance to gauge its potential for a price rebound.

According to data from Artemis, Solana maintains a leading position in both daily active addresses and transaction volume. The network averages over 1 million daily active users, surpassing competitors such as Ethereum, Avalanche, and Polygon. On the transaction front, Solana logs 100–120 million daily transactions, demonstrating its scalability and consistent usage. This high throughput is indicative of sustained developer and user activity across various sectors, including DeFi, NFTs, and new consumer-facing applications. This robust activity likely influenced Kazakhstan’s decision to choose Solana as its preferred blockchain technology.

At the time of press, Solana is trading at $134.49, with a slight decrease of 0.67%. However, the rising volume suggests growing buying interest. The Relative Strength Index (RSI) has rebounded from oversold levels of 33.01 to 40.73, indicating a potential trend reversal. SOL has bounced from strong support at $129, with the 20 Simple Moving Average (SMA) at $137.46 serving as the next key resistance level. If the bullish momentum continues, SOL could test resistance levels at $148, $152, and $156.88. On the downside, $129 remains a critical support level to watch. With fundamentals strengthened by the Kazakhstan MoU and strong on-chain activity, SOL appears poised for a short-term rally, provided the momentum holds.

The MoU with Kazakhstan is significant for Solana as it grants access to a substantial portion of the global crypto volume. By hosting the first SOL economic zone, Solana aims to scale its regional adoption and further establish itself as a leading blockchain platform. The short-term price analysis for SOL suggests that if the bullish momentum continues, the cryptocurrency could test resistance levels at $148, $152, and $156, with key support at $129. At the time of press, the price of 1 SOL is at $134.14, with an intraday change of -0.34%.