Geopolitical tensions and developing trade policies continue to form cryptocurrency markets, where Solana emerges as a gathering point in the midst of global economic uncertainty.

Sol has shown impressive recovery strength and climbing 8% from its $ 30 of $ 140 to about $ 152, with the daily trading volume jumping 35% over 24 hours. This resilience comes as trade relations in US-China deteriorate, creating ring effects across traditional and digital asset markets.

The move comes as the wider market meter Coindesk 20 -Index climbed about 4% on Thursday.

Technical analysis highlights

• Sol recovered from a significant correction of 7.4% on April 30 and fell from 148.03 to 140.63 before reaching new periods of 152.69.
• The total trade area of ​​12.04 points (8.3%) shows volatility, with strong support established at 140.65.
• Volume analysis reveals increased trade during the correction (2.4 m+ volume) followed by renewable purchase interest during improvement.
• The recent price action forms an increasing channel with resistance of 152.50, while the 148.50-149.50 zone acts as an important level of support, according to Coindesk Research’s technical analysis data.
• Bullish Momentum seems to be sustainable with higher low formation, suggesting potential continuation against the 155.00 psychological level.
• In the last 100 minutes, sun experienced significant volatility and dropped sharply from 152.38 to a low level of 150.74, before staging a V-shaped improvement to 152.49.
• Key support established on 151.10, where a significant purchase volume (44k+) emerged.
• A mid-session rally from 151.22 to 152.60 coincided with the highest volume (126k at 14:00), indicating strong institutional interest.
• The short -lived rising channel was established with resistance at 152.68 and support at 152.32.
• 152.45-152.50 zone now acts as immediate resistance that can determine direction in the short term.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy. This article may include information from external sources listed below when appropriate.

External references:

• NewsBtc, Solana Monthly Candle Reclaims Key Levels – Is $ 240 the next goal?Published April 30, 2025.
• NewsBtc, Solana: Analysts foresee Q3 ATH -Rally as Sol Retests performs or breaks the levelPublished April 29, 2025.
• COINTELEGRAPH, Why is Solana (sun) price up today?Published April 17, 2025.
• Cryptopotato, Excitement builds: Solana (sun) on the brim of a big move?Published April 30, 2025.