Solana Crypto To Start Trading On One Of Japan’s Strictest Regulatory Exchanges

Key Insights

• Solana Crypto secures listing approval on Bitflyer after securing FSA licensing.
• SOL crypto forms subtle divergence that could hint recovery towards $80.
• Solana captures most of the tokenized stocks trading volume including from SpaceX.

Solana crypto secured another regulatory milestone after receiving approval for listing on Japanese exchange Bitflyer. The development comes after the token satisfied requirements set by Japan’s Financial Services Agency (FSA), one of the strictest crypto regulators globally.

The approval strengthens Solana’s presence in Asia and opens access to a broader pool of Japanese retail and institutional investors. At the same time, Solana continues to dominate activity in the growing tokenized equities market, where recent SpaceX-related trading generated record volumes.

Solana Crypto Weekly Chart Signals Recovery Towards $80

SOL crypto is currently in its 9th consecutive bearish month. It appears set to conclude the month in the red, especially after the bearish momentum it has experienced so far this month.

However, the SOL crypto weekly price chart signaled that there was some accumulation over the last few weeks. For example, price formed a divergence, signaling that its bearish performance in June also attracted significant accumulation.

SOL crypto exchanged hands at $73 at press time and the weekly timeline divergence signals potential recovery towards $80. However, the cryptocurrency needs to push above $83.1 to break its 9-month streak in the red.

A robust demand wave could potentially turn the tide in favor of a green close for the month. However, that would require a sizable bullish correction within the remaining few days before the end of June.

Interestingly, SOL crypto would recover back to the same consolidation zone where it was stuck between February and April. For that to happen, the market would either have to experience a massive sentiment shift or SOL would require a major catalyst event.

Solana Capitalizes on Recent Tokenized Volume Surge

The stock market in the US brewed a lot of excitement last week, largely thanks to SpaceX. This is because the company founded by Elon Musk had possibly the largest IPO in over a decade.

That excitement was not limited to the US, and this was mainly because tokenization made it easy for global access.  In fact, the excitement was so huge that the tokenized stocks segment registered record high trading volumes in mid-June.

The data revealed that Solana captured the most volume from the tokenized stocks market among all other blockchain networks. This means Solana is in a position to capitalize on the tokenized stocks movement, and this was already evident.

Solana’s current position in the tokenized stocks segment could be a major win for a SOL crypto price recovery in the near to long term. However, it may not necessarily underscore a major catalyst event in the short term.

If that were the case, then SOL price would have already surged past $100 due to organic demand. However, the recent surge in tokenized trading volumes failed to trigger a significant price jump.

Nevertheless, the Solana crypto could still benefit from confidence inspired by its unique position as a leading blockchain for tokenization.

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