Even amid escalating global economic uncertainty, Solana (SOL) continues to shine. The cryptocurrency is showing strong technical performance and impressive resilience, gaining over 8% since April 30. What’s Fueling the Surge? Despite rising geopolitical friction, particularly the intensifying US-China trade war, Solana seems unfazed, and here’s why:

  • April 30 Correction: SOL dropped by 7.4%, slipping from $148.03 to a low of $140.63.

  • Impressive Comeback: The token rebounded swiftly to a high of $152.69, a clear sign of market confidence.

  • 35% Volume Surge: In just 24 hours, daily trading volume jumped significantly, hinting at increased institutional interest.

Technical Breakdown

Research highlights several key technical patterns that suggest the bullish momentum could continue:

  • Ascending Channel Forming: SOL is trending upward with resistance at $152.50 and strong support in the $148.50–$149.50 zone.

  • Volatility in the Last 100 Minutes: SOL experienced a drop from $152.38 to $150.74 but rebounded sharply, forming a V-shaped recovery.

  • Key Volume Spike: A surge in trading volume at 14:00 UTC (126K trades) marked the session’s strongest rally, a potential signal of whale activity.

  • Immediate Resistance: The $152.45–$152.50 range is acting as a near-term barrier, with $155 being the next psychological milestone if the momentum continues.

Why This Matters

As global markets struggle with macro uncertainty, Solana stands out with:

  • Technical strength and rapid recovery

  • Solid trading volume increases

  • Clear bullish signals toward $155 and beyond

Will Solana Break $155?

If this momentum holds, especially with buying pressure and institutional interest building, Solana may soon test the $155 level. However, the resistance range near $152.50 must be watched closely.

Final Thoughts

Solana’s resilience in the face of global macro tensions highlights its growing relevance in the crypto market. While volatility remains, the current trend is undeniably optimistic.


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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.