Solana has quietly taken a major step forward in its global strategy. The Solana Foundation just signed a Memorandum of Understanding (MoU) with Dubai’s Virtual Assets Regulatory Authority (VARA), aligning itself with one of the most forward-looking crypto jurisdictions in the world. The agreement opens the door for closer collaboration on blockchain infrastructure, compliance standards, and the next wave of Web3 deployment across the Gulf region.
This move puts Solana alongside Ripple, which signed a similar deal with VARA through its RLUSD stablecoin project. Together, they now anchor two of the most influential blockchain networks inside Dubai’s digital asset framework. The message is clear: Dubai wants regulated, scalable platforms, and Solana is ready to play that role.
While the Solana price hasn’t exploded on the news, the structure looks constructive. SOL bounced cleanly from the $150 zone, extended toward $162, and is now consolidating with a slight bullish lean. Traders are watching to see if this MoU translates into real regional adoption, but the underlying message is bullish: Solana is no longer just building for retail.
SOL/USDT Technical Levels to Watch
- Support held at $150, confirming short-term bullish structure
- Price stalled at $162, immediate resistance to break
- RSI cooling at 52.02, down from earlier overbought zone
- MACD stays positive, though signals are converging
If bulls reclaim $162 with volume, $168 becomes the next upside target. A failure to hold $156 could lead to a deeper pullback toward the $152–$150 range.
Conclusion
This isn’t just another partnership headline. It’s a strategic placement. As global regulation tightens, Solana is embedding itself in a jurisdiction that’s pro-crypto and future-focused. Price might lag the news, but the foundations being laid here could define Solana’s next growth phase, especially if Dubai becomes the testing ground for real-world Web3 scale.