Geopolitical tensions and emerging trade policies continue to shape cryptocurrency markets, along with Solana emerging as a focal point amid economic uncertainty.
Sol showed the wonderful power of recovery, climbing 8% from April 30 low to $ 140 to around $ 152, with a sunny trading volume that jumped 35% in 24 hours. This elastic has come as US-China’s trade relationships worsen, creating ripple effects throughout the traditional and digital property market.
The move came as a broader gauge CoinDesk 20 index market, climbing nearly 4% on Thursday.
Technical assessments
- Sol recovered from a significant 7.4% correction on April 30, decreasing from 148.03 to 140.63 before reached new high -weather periods at 152.69.
- General trade range of 12.04 points (8.3%) shows volatility, with strong support established at 140.65.
- Volume evaluation shows increased trading during correction (2.4m+ volume) followed by prolonged purchase interest during recovery.
- The recent price action generates an ascending channel with a resistance to 152.50, while the 148.50-149.50 zone serves as a major support level, according to CoinDesk Research’s technical research research review data.
- The bullish momentum appears to be sustainable with higher lows forming, suggesting potential continuity towards 155.00 psychological levels.
- In the last 100 minutes, Sol experienced significant volatility, decreasing dramatically from 152.38 to low 150.74 before presenting a V -shaped recovery at 152.49.
- The main support established at 151.10, where large purchase volume (44k+) appeared.
- A mid-session rally from 151.22 to 152.60 coincides with the highest spike volume (126k at 14:00), indicating strong institutional interests.
- Short -term ascending channels were established with a resistance to 152.68 and support for 152.32.
- The 152.45-152.50 zone now serves as an immediate resistance that can determine the near direction.
Denial: This article was formed using AI tools and our editorial team reviewed to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s entire AI policy. This article may include information from external resources, listed below as appropriate.
External Reference:
- Newsbtc, Monthly Monthly Solana reclaims basic levels – is $ 240 the next target?Published April 30, 2025.
- Newsbtc, Solana: Analysts are forecast Q3 ATH Rally as Sol Retests Make or Break LevelPublished April 29, 2025.
- Cointelegraph, Why is Solana (Sol) price now?Publishing April 17, 2025.
- Cryptopotato, Tensions form: Solana (Sol) on the edge of a large move?Published April 30, 2025.
