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By , |Edited by
Jun 25, 2025, 4:35 p.m.
- SOL climbed to $147.98 before pulling back to $144.04, now down 0.62% on the day.
- Volume exceeded 1.22 million during the 13:00 hour, fueling a short-lived breakout.
- Institutional interest remains elevated as CME Futures volume recently set a record high.
Solana’s SOL
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, according to CoinDesk Research’s technical analysis model.
The move came amid a spike in trading volume and fresh commentary from Syncracy Capital Co-Founder Ryan Watkins, who reaffirmed Solana’s long-term importance in the evolving crypto economy.
STORY CONTINUES BELOW
Watkins, whose firm makes concentrated, thesis-driven investments in crypto, followed up on , when he called the competition between Solana and Hyperliquid “the cryptoeconomy’s defining battle” as U.S. equities begin migrating onchain. At the time, he suggested that the winner could become a $100 billion to $500 billion platform capable of reshaping capital markets.
On June 25, in a new, Watkins said that Solana now appears set to lead the “tokenization of everything,” while Hyperliquid is positioned to dominate the perpetual futures space. The remarks reinforced market narratives around Solana’s potential to support the next wave of blockchain-based 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 deepening engagement from sophisticated investors even as price action cools from recent highs. SOL’s current support levels and structural strength are drawing attention ahead of potential retests 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 established at $143.02, with resistance encountered 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 band formed between $147.90 and $148.00, while support held at $146.70.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to . For more information, see .
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our .
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