Growing geopolitical tensions shake financial markets. Solana, however, surprises with an unexpected bullish performance. The altcoin's price surge of over 8% sparks renewed interest among crypto investors.
Amidst economic uncertainty, Solana is demonstrating resilience that intrigues crypto analysts. The SOL token recently experienced a sharp 7.4% correction at the end of April. However, in the past 24 hours, its value has surged from $140 to over $152. This marks an 8.3% increase, with Solana now trading around $149.54 at the time of writing.
This rebound is taking place amidst global trade tensions between the US and China, which are significantly impacting the crypto market. Solana is now moving within an ascending channel with:
But that’s not all! The price model also suggests the formation of a higher low, a classic indicator of a sustained bullish trend. The $155 target is becoming a more credible short-term psychological threshold.
One key point is the trading volume analysis, which reinforces the case for a sustained recovery. During the April 30 correction, over 2.4 million SOL tokens were exchanged, indicating intense activity.
An aspect drawing particular attention from crypto analysts is the consistent buying demand (especially at key levels like $151.10, where over 44,000 tokens changed hands).
The volume spike observed at 2 pm also signals a renewed interest from institutional investors: 126,000 units traded between $151.22 and $152.60, hinting at a potential bullish rally, especially if Solana breaks the critical $152.50 zone.
Furthermore, the maintenance of the bullish channel also suggests a continuation towards $155 (and potentially beyond if the economic climate improves).
While volatility rocks the crypto asset market, Solana emerges as one of the few projects capable of attracting capital during turbulent times. Its ability to maintain solid technical supports demonstrates the strength of its ecosystem, coupled with a constantly increasing trading volume.
In the short term, the key levels to watch are:
For investors seeking value, Solana could once again become a strategic choice in a diversified portfolio with altcoins.
With technical resilience and growing demand, $SOL could quickly surpass the symbolic $155 threshold. If the blockchain continues to impress in an uncertain global environment, the altcoin could lead the next crypto bull cycle. Stay tuned…
Léa is a member of the InvestX team, dedicated to guiding users through their learning journey. Passionate about cryptocurrencies, she closely follows market trends. On InvestX.fr, Léa writes articles to help readers decode the latest news and stay informed about the ever-evolving blockchain world.
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