SOL Token Surges 5.59% After Sell-Off, Boosted by Kazakhstan Partnership and Renewed Investor Confidence

Solana (SOL) experienced a notable price recovery over the past 24 hours, rising 5.59% from a 24h open of $128.11 to a current price of $135.27 on Binance. This rebound follows a recent sector-wide sell-off triggered by heightened geopolitical tensions in the Middle East, particularly after US military action against Iran, which led to over $875 million in crypto liquidations and caused SOL to drop as low as $124 earlier in the week. The recovery has been supported by positive developments including Solana’s new partnership with Kazakhstan’s government to advance tokenized markets and crypto education, which has contributed to renewed investor confidence and increased trading activity. Market sentiment remains cautiously optimistic, with SOL stabilizing above key support levels and traders closely watching resistance near $136 as volatility is expected to persist.