Geopolitical tensions and evolutionary commercial policies continue to shape cryptocurrency markets, with Solana emerging as a focal point in the midst of global economic uncertainty.
Sol has shown an impressive recovery force, rising 8% of its minimum of April 30, $ 140 to around $ 152, with a daily negotiation volume that jumps 35% for 24 hours. This resilience occurs when commercial relations between the United States and China deteriorate, creating domain effects on traditional and digital asset markets.
The measure occurs when the broader index of market caliber Coindesk 20, rose about 4% on Thursday.
TECHNICAL ANALYSIS
- Sol recovered from a significant correction of 7.4% on April 30, falling from 148.03 to 140.63 before reaching the maximum of new periods to 152.69.
- The general negotiation range of 12.04 points (8.3%) shows volatility, with strong support established in 140.65.
- The volume analysis reveals a high trade during correction (2.4m+ volume) followed by a sustained purchase interest during recovery.
- Recent price action forms an ascending channel with resistance to 152.50, while zone 148.50-149.50 serves as a key support level, according to the technical analysis data of Cindensk Research.
- The bullish impulse seems sustainable with higher minimums that are formed, which suggests continuous potential towards the psychological level of 155.00.
- In the last 100 minutes, Sol experienced significant volatility, abruptly falling from 152.38 to a minimum of 150.74 before organizing a recovery in V to 152.49.
- Key support established in 151.10, where a substantial purchase volume (44k+) arose.
- A half of the session from 151.22 to 152.60 coincided with the highest volume increase (126k at 14:00), indicating a strong institutional interest.
- The short -term upward channel was established with resistance to 152.68 and support in 152.32.
- Zone 152.45-152.50 now serves as immediate resistance that could determine the short-term address.
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External references:
- Newsbtc, The Monthly Solana candle claims the key levels: Is $ 240 the next objective?Posted on April 30, 2025.
- Newsbtc, Solana: Analysts forecast the Q3 ATH rallyPosted on April 29, 2025.
- Cointelegraph, Why is Solana (Sol) the price today?Posted on April 17, 2025.
- Cryptopotate, Tension tensions: Solana (Sun) on the edge of a great movement?Posted on April 30, 2025.
