Recently, Solana (SOL) announced a significant partnership with Kazakhstan to establish a SOL-based economic zone in Central Asia. This move has garnered widespread attention in the Crypto Assets community, as the Central Asian region holds nearly 20% of the global crypto market share, opening up tremendous opportunities for Solana's future development.
The performance of the Solana network is remarkable, with daily active users surpassing 1 million, outpacing competitors such as Ethereum, Avalanche, and Polygon. The daily on-chain transaction volume exceeds 100 million, covering DeFi, NFT, and various consumer applications, showcasing the vibrant vitality of its ecosystem.
Currently, the trading price of SOL is fluctuating around 134 dollars. Although there has been a slight pullback in the short term, the increase in trading volume indicates that institutional investors are actively positioning themselves. From a technical analysis perspective, the RSI indicator has rebounded from the oversold zone, with 129 dollars becoming a key support level. If it can break through the moving average resistance at 137.5 dollars, SOL is expected to rise towards the range of 148 dollars, 152 dollars, and even 156 dollars.
Overall, the development trend of Solana is positive. Favorable policies, solid fundamentals, active on-chain activities, and technical support all provide favorable conditions for a short-term rebound. However, there is a divergence in the market regarding whether SOL can break through 156 dollars; some are optimistic about its strong rebound momentum, while others are concerned about the potential risk of a washout and false signals.
Regardless, Solana's strategic layout in the Central Asian region undoubtedly adds new momentum to its future development. As an important player in the Crypto Assets field, this move by Solana is worth continuous follow. It may not only change the crypto economic landscape in the Central Asian region but could also have a profound impact on the application and development of blockchain technology globally.
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Recently, Solana (SOL) announced a significant partnership with Kazakhstan to establish a SOL-based economic zone in Central Asia. This move has garnered widespread attention in the Crypto Assets community, as the Central Asian region holds nearly 20% of the global crypto market share, opening up tremendous opportunities for Solana's future development.
The performance of the Solana network is remarkable, with daily active users surpassing 1 million, outpacing competitors such as Ethereum, Avalanche, and Polygon. The daily on-chain transaction volume exceeds 100 million, covering DeFi, NFT, and various consumer applications, showcasing the vibrant vitality of its ecosystem.
Currently, the trading price of SOL is fluctuating around 134 dollars. Although there has been a slight pullback in the short term, the increase in trading volume indicates that institutional investors are actively positioning themselves. From a technical analysis perspective, the RSI indicator has rebounded from the oversold zone, with 129 dollars becoming a key support level. If it can break through the moving average resistance at 137.5 dollars, SOL is expected to rise towards the range of 148 dollars, 152 dollars, and even 156 dollars.
Overall, the development trend of Solana is positive. Favorable policies, solid fundamentals, active on-chain activities, and technical support all provide favorable conditions for a short-term rebound. However, there is a divergence in the market regarding whether SOL can break through 156 dollars; some are optimistic about its strong rebound momentum, while others are concerned about the potential risk of a washout and false signals.
Regardless, Solana's strategic layout in the Central Asian region undoubtedly adds new momentum to its future development. As an important player in the Crypto Assets field, this move by Solana is worth continuous follow. It may not only change the crypto economic landscape in the Central Asian region but could also have a profound impact on the application and development of blockchain technology globally.