The post Solana Price Eyes $156 As Kazakhstan MoU Sparks Expansion Buzz appeared first on Coinpedia Fintech News
Solana has signed an MoU with Kazakhstan to establish Central Asia’s first SOL-based economic zone. This strategic move helps it tap into a region responsible for nearly 20% of global crypto trading volume. This strategic move positions Solana as a pivotal infrastructure layer in one of crypto’s fastest-growing markets.
The news has sparked interest among investors, who are now keenly watching Solana’s price moves for short-term trade insights. While the MoU provides a long-term tailwind, the immediate question on traders’ minds is: Can SOL build momentum to bounce back from current lows? In this Sol price analysis, I take you through Solana’s network health and how it could perform on the charts.
On-Chain Metrics Fuel Solana?
According to data from Artemis, Solana maintains a leading position in both daily active addresses and transaction volume. Solana network averages over 1 million daily active users, significantly outpacing Ethereum, Avalanche, and Polygon.
On the transaction front, Solana logs 100–120 million daily transactions, showing scalability and usage consistency. This high throughput reflects sustained developer and user activity across DeFi, NFTs, and new consumer-facing apps. It also builds a compelling case for Kazakhstan’s decision to select Solana as its blockchain of choice.
Solana Price Analysis:
Solana, at the time of press, is trading at $134.49, down 0.67%, but rising volume suggests growing buying interest. The RSI has rebounded from oversold levels of 33.01 to 40.73, signaling a possible trend reversal. SOL has bounced from strong support at $129, while the 20 SMA at $137.46 remains the next key hurdle.
Successively, a breakout could push prices toward $148, $152, and $156.88, respectively. On the downside, $129 remains the critical support to watch. With fundamentals strengthened by the Kazakhstan MoU and on-chain activity strong, SOL appears poised for a short-term rally, provided the momentum holds.
Also read our Solana (SOL) Price Prediction 2025, 2026-2030!
FAQs
This MoU gives access to ~20% of global crypto volume. Hosting the first SOL economic zone could scale Solana’s regional adoption.
If bullish momentum continues, SOL could test $148, then $152 and $156. Key support is at $129.
The price of 1 SOL at the time of press is at $134.14, with an intraday change of -0.34%