+1.20% for Solana as MOU for blockchain remittance pilot in South Korea lifts crypto

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Solana gains 1.2% today to $74.09

Highlights

Solana and Toss Bank have partnered to pilot blockchain-based remittance and settlement in South Korea, targeting compliance with upcoming virtual asset regulations.
This initiative could boost Solana’s adoption within Korea’s regulated financial sector but raises potential new compliance challenges as regulatory frameworks evolve.
SOL is trading with short-term bullish momentum and buyer dominance, with a 76% probability of consolidating between $69.2 and $77.55 over the next 2–3 days.

Pilot partnership with Toss Bank raises adoption hopes and compliance risks

Solana has entered a memorandum of understanding with Toss Bank to begin proof-of-concept testing for a blockchain-based remittance and settlement pilot in South Korea, as reported by Crypto. This collaboration aims to align the new infrastructure with anticipated national rules for virtual asset transfer services, positioning Solana to potentially expand its role in regulated digital payments. While the move could drive adoption within South Korea’s financial ecosystem, the introduction of comprehensive regulations may also present new compliance challenges for participants.

Mixed momentum and intraday strength as key supports tested

On the h4 timeframe, SOL trades above the MA-20 and MA-50, with price action remaining below the longer-term MA-200. The Ichimoku Kijun provides immediate support at $71.35. Indicator signals show mixed momentum: RSI stands at 59.01 (Buy), CCI and MACD are in Buy, while ADX and Stoch RSI remain Neutral. Bull/Bear Power reflects intraday buyer dominance, with additional confirmation from a bullish Awesome Oscillator. Some divergence among oscillators indicates uncertainty despite the prevailing intraday bullish signals.

Range-bound outlook as upside bias outweighs downside risks

Over the next two to three trading days, SOL is expected to consolidate between $69.2 and $77.55, reflecting the typical volatility band relative to current levels. There is a 76% probability of an upward move versus a 24% probability of movement lower. The baseline scenario anticipates ongoing range-bound trading, but a clear break above $77.55 could trigger further upside, whereas a fall below $69.2 would signal a shift toward bearish momentum.

Viktoras Karapetjanc, expert at Traders Union, sees strong fundamental momentum for Solana after its collaboration with Toss Bank and visible efforts to align with emerging regulations in South Korea. He notes that the market is responding positively, supported by bullish intraday signals and a clear appetite for regulated digital finance solutions. Karapetjanc believes consolidation is likely in the near term, but the macro and regulatory backdrop remains supportive. He maintains a constructive outlook for continued adoption. "Solana’s proactive approach to institutional partnerships and regulation sets a firm base for upside risk as digital payments evolve globally."

Previously it was reported that Solana was enjoying renewed institutional traction and robust network usage, supporting a broadly bullish outlook. The latest developments around regulated payment infrastructure in South Korea and persistent buy signals suggest that, while consolidation is likely, a decisive break above $77.55 could set the stage for a new upward leg.

Source of Data: SOL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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