Phantom Rolls Out Tokenized AMC on Solana

Phantom has launched tokenized AMC for live trading on Solana, issued through Backpack Securities and Sunrise. This move allows traders to buy and sell the tokenized asset directly within the Solana ecosystem.

The price action of SOL, the cryptocurrency used on the Solana network, shows that it is currently trading at $101.11, just below the EMA50 resistance level of $101.31. The MACD golden cross is building momentum at 0.14, while the RSI remains relatively low at 45.24.

As a result, traders are eyeing a potential test of the upper Bollinger resistance level of $105.7 before any retracement towards lower band support at $97.25.