Jito and Solana Forge Strategic Partnership in APAC
- Strategic Partnership Goals: Jito Foundation and Solana Company have announced a strategic partnership aimed at providing high-performance Solana validator infrastructure and staking products for asset managers and financial institutions, specifically targeting key markets such as Hong Kong, Singapore, Japan, and South Korea.
- Technological Innovation: The partnership will leverage the Pacific Backbone infrastructure to deploy Jito's Block Assembly Marketplace (BAM) technology, enhancing transaction processing efficiency on the Solana network, thereby optimizing network operations and improving user experience.
- Customized Staking Products: Jito Foundation will develop institution-specific staking and yield products centered around its liquid staking token, JitoSOL, tailored to meet the specific needs of asset managers and regulated financial institutions, further driving institutional investor engagement.
- Regional Market Outlook: With the regulatory frameworks for cryptocurrencies in Hong Kong, Singapore, Japan, and South Korea continuously improving, institutional demand for crypto infrastructure has surged, and this partnership aims to help both Jito Foundation and Solana Company expand their market shares in the rapidly evolving APAC market.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 71.751 | 76.576 | 80.791 | 85.616 | 89.831 | 94.656 | 98.871 |
| Fibonacci | 76.576 | 80.029 | 82.162 | 85.616 | 89.069 | 91.202 | 94.656 |
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