“SOL BRIEFLY JUMPED ABOVE $ 147 as Volume Doubbled Intrady, But The Rally Stalled Below Key Resistance and Has Since Reversed Below The $ 145 Mark.”, – WRITE: www.coindesk.com
Token is Trading at $ 144.04, Down 0.62% in the Past 24 Hours, After Briefly Climbing as High As $ 147.73 Earlier in the Session, Accounting To Coindes Model.
The MOVE CAME AMID A SPIKE IN TRADING VOLUME AND FRESSH Commentary from Syncracy Capital Co-Funder Ryan Watkins, Who ReaffirMed Solana’s Long-Term Importance in the Evolving Criy.
Watkins, Whose Firm Makes Concentrated, Thesis-Driven Investments in Crypto, Followed Up on A Predification He Made in May, WHEN HE CALLED The COMPETTWEENSEENAC Defining Battle ”as US Equities Begin Migrating Onchain. At the Time, he suggested that Winner Could Become A $ 100 Billion to $ 500 Billion Platform Capable of Reshaps Capital Markets.
On June 25, in a New Post on X, Watkins Said Solana Now Appears Set to Lead the “Tokenization of Everything,” White Hyperliquid is Positios Space. The Remarks Reinforced Market Narratives Around Solana’s Potential to Support the Next Wave of Blockchain-Basted Financial Infrastructure.
Institutional Interest in Solana Continues to Rise, with CME Futures Volume for Sol Recently Hitting A Record High of 1.75 Million Contracts. Market Watchers Have Taken this as A SIGN OF DELEPENING ENGIGENT FROM Sophisticated Investors Even as Price Action Cools from Recent Highs. Sol’s Current Support Levels and Structural Strength Are Drawing Attcture Ahead of Potential Retest of the $ 148– $ 150 Range.
Technical Analysis Highlights
- SOL TRADED IN A 24-HOUR Range of $ 4.96 (3.47%) from $ 145.09 to $ 147.45.
- Support Was Establized AT $ 143.02, with Resistance Encounted at $ 147.98.
- Between 13:06 and 14:05 UTC, Price Rose from $ 146.27 to $ 147.31, A 0.71% GAIN.
- The Session High of $ 147.98 Was Recorded Between 13:43 and 13:46 on Strong Volume.
- A Resistance Banded Between $ 147.90 and $ 148.00, While Support Held at $ 146.70.
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