Solana Signs a MoU with Kazakhstan, SOL Price Surges!

2025-06-25

Solana (SOL) is making headlines again! With recent SOL price movements and a new strategic partnership with Kazakhstan, investors and traders are keeping a close eye on the Solana price today.

This article will explore Solana’s latest price trends, historical performance, and how the MoU with Kazakhstan could influence SOL’s next big move.

Solana Price Surges Today

Solana Price Chart.webp

Source: Coinmarketcap

As of June 25, 2025, Solana price today is sitting at $147.10, reflecting a 1.58% increase over the last 24 hours.

After slipping below the $130 mark over the weekend, SOL quickly rebounded past $140 and is now testing resistance around $147.

Despite this short-term recovery, SOL is still down about 51% from its all-time high in January 2025, showing that the asset is still in a phase of correction after months of volatility.

Solana Signs a MoU with Kazakhstan

On the fundamental side, Solana recently signed a Memorandum of Understanding (MoU) with Kazakhstan, marking a major step in expanding its global presence.

This partnership aims to create Central Asia’s first SOL-based economic zone, making Solana the primary blockchain infrastructure for various government and private projects in the region.

Here’s the key points of the Kazakhstan MoU:

1. First SOL Economic Zone in Central Asia.

2. Kazakhstan contributes nearly 20% of the global crypto trading volume.

3. Potential for government and enterprise adoption of Solana-based solutions.

This development could provide a long-term tailwind for Solana’s price, especially as adoption grows in one of crypto’s fastest-expanding regions.

Read More:

Solana Price On-Chain Metrics

Even though the Solana price has struggled since its January peak, on-chain activity shows solid fundamentals.

According to recent data:

1. Over 1 million daily active addresses.

2. 100–120 million transactions per day.

3. Leading network for NFT, DeFi, and consumer-facing blockchain apps.

Solana still outpaces other top blockchains like Ethereum and Avalanche in user engagement and network throughput.

Solana Price Technical Analysis

From a technical perspective, Solana price is showing signs of a possible short-term rebound:

Support Level: $129 (recent bounce point)

Immediate Resistance: $137.46 (20-day SMA)

Short-Term Price Targets: $148, $152, and $156.88

RSI Level: Recovering from an oversold 33.01 to 40.73, signaling possible bullish momentum

However, if SOL fails to hold above $129, a further decline could follow.

Here’s 3 technical factors to watch:

1. Breakout Above $137.46 SMA: Could trigger a quick move toward $148.

2. Volume Growth: Rising trade volume indicates increasing buying pressure.

3. RSI Movement: Watch for RSI crossing the 50-mark for stronger bullish confirmation.

Conclusion

The Solana price today reflects both short-term volatility and longer-term potential. While SOL is still far below its early 2025 highs, the partnership with Kazakhstan could signal new demand coming into the ecosystem.

With solid on-chain metrics and geopolitical partnerships like the Kazakhstan MoU, Solana might be preparing for a new bullish phase, especially if broader crypto market sentiment improves.

Explore expert insights, in-depth articles, and the latest crypto market trends on Bitrue blog. Whether you're a beginner or a seasoned trader, there's something valuable for everyone. Stay informed and ahead in your crypto journey. Register now on Bitrue and take the next step!

FAQ

What is the current price of Solana (SOL)?

As of June 25, 2025, Solana price is trading around $147.10, up by 1.58% in the last 24 hours.

What is the Kazakhstan MoU and why is it important for Solana?

Kazakhstan and Solana signed an MoU to build Central Asia’s first SOL-based economic zone, potentially driving enterprise and government adoption of Solana technology.