Geophysical stress and developed trade policies continue to shape the cryptocurrency markets, amidst global economic uncertainty, solana emerges as a focal point.
Sol has shown the strength of impressive recovery, climbing 8% from a lower level of $ 140 to approximately $ 152 from a low of $ 30 from the bottom of April 30, in which daily trading volume jumps 35% in 24 hours. This flexibility comes when the US-China trade relations deteriorate, creating wave effects in traditional and digital asset markets.
The move comes as a comprehensive market gauge coindsk 20 index, climbing about 4% on Thursday.
Technical analysis highlights
- Soul recovered from a significant 7.4% improvement on April 30, falling from 148.03 to 140.63 before reaching a high level of new period at 152.69.
- The total trading range of 12.04 points (8.3%) performs instability, with strong support at 140.65.
- Volume analysis reveals increased trade during improvement during improvement (2.4M+ volume), followed by continuous purchase interest during recovery.
- Recently the price action creates an ascending channel with resistance at 152.50, while the 148.50–149.50 zone serves as a major support level, according to the technical analysis data of coindesk research.
- The bullish speed looks durable with high climbing, suggesting a possible continuity towards 155.00 psychological levels.
- In the last 100 minutes, Soul experienced significant instability, staging V-shaped recovery from 152.38 to 150.74 to 152.49.
- The main support installed at 151.10, where adequate purchase volume (44k+) emerged.
- From 151.22 to 152.60, a middle-satisfied rally coincides with the highest volume spike (126k at 14:00), indicating strong institutional interests.
- The short -term ascending channel was installed with resistance at 152.68 and supported at 152.32.
- 152.45–152.50 area now serves as immediate resistance that can determine the direction of near period.
Disclaimer: This article was generated with the AI Tool and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see the full AI policy of coindesk. This article may include information of external sources, which are listed below when implemented.
external reference:
- NewsBtc, Solana Removes Monthly Candle Major levels – is $ 240 next target?Published on 30 April 2025.
- NewsBtc, Solana: Analysts estimate the Q3 Ath rally as Sol Retest Make or Brake LevelPublished on 29 April 2025.
- Incidentally Why is the price of Solana (Sol) today?Published on 17 April 2025.
- Cryptopotateo, Construction of stress: Solana (Sol) on the verge of a huge trick?Published on 30 April 2025.
