#TariffsPause
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Solana's ($SOL L) price has dropped nearly 4% in the past 24 hours, hitting a three-week low of $106 on April 9. This sharp correction is being linked to renewed tariff measures from the Trump administration, which have sparked fears of a broader market downturn. Some experts warn that if the bearish momentum persists, SOL could slip further, potentially testing the $80 level.
In the midst of this volatility, analysts are turning their attention to IntelMarkets (INTL). Its consistent performance and surging ICO presale—now above $12.2—are positioning it as a standout during this bull cycle.
Trump’s Tariffs Shake Crypto: SOL Sheds 6%
Following former President Donald Trump’s “Liberation Day” tariff announcement on April 2, SOL saw a sharp selloff. The price movement underscores the rising risk aversion among investors, many of whom are shifting capital away from high-volatility assets like SOL amid escalating trade tensions.
Adding to the bearish outlook, the annualized rolling basis on three-month Solana futures contracts has dropped significantly. This metric—showing how futures are priced relative to spot—signals weakening demand in the derivatives market, further pressuring SOL’s price outlook.
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