SOL Token Surges 2.25% Amid CME Futures News and Coinbase Expansion Despite Mixed Market Signals

Solana (SOLUSDT) has risen 2.25% in the past 24 hours, currently trading at 129.55, with robust trading volume around $5.04–$5.42 billion and market capitalization near $70.23–$74.66 billion. The positive price movement is partly attributed to heightened institutional interest, including CME's announcement of upcoming Solana futures contracts and Coinbase’s plans to expand access to Solana tokens, as well as a spike in trading activity following Ondo Finance’s launch announcement and a recent "golden cross" technical signal. However, market sentiment remains mixed to bearish in the short term due to ongoing price consolidation near key support levels and declining on-chain activity, with technical indicators pointing to potential downside risk unless SOL can reclaim higher resistance levels.