Solana’s Sol
Reliable recovery has been restored over the past 24 hours, up by as much as 4.83% before retreating to around $152.16. Although volatility remains higher, cryptocurrencies have formed a higher low point pattern, indicating the potential intensity of intensity in a fragile macro context.
The broader market remains concentrated on new trade negotiations between the United States and China Starting Monday in London. The meetings will bring together senior officials, including U.S. Commerce Secretary Howard Lutnick and China’s deputy prime minister, to address long-term tensions over tariffs and technical restrictions.
Although both sides suffered a temporary truce last month, both have blamed each other for their retreat since then. Analysts say rare earth export curbs and AI chip controls may still affect global market sentiment, including risky assets such as cryptocurrencies.
Amid this uncertainty, Solana’s network continues to show potential for expansion, with some institutions projecting their price targets to $420-620 in 2026. In the short term, traders may observe how macro developments affect the appetite for risk trading of assets such as Sol.
Technical analysis highlights
- SOL rose from $148.08 to $155.24 (4.83%)
- Prices from June 8 from 09:00 to 21:00 to form a clean Uptrend channel
- High capacity support is set at $152.03 and resistance is $154.79
- The corrected price is stable at $150.91
- UPTREND channel resumed in early June 9 with strong volumes at 07:59 (54,590 units) and 08:02 (23,396 units)
- Resistors violated at $150.85 and then merged sideways
- Prices are recycled from $150.53 from last hour candles for $150.98
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full How leafy are you.
