Solana Price Rebounds as Crypto Markets React to Geopolitical Tensions

Solana (SOL) is showing notable resilience in the face of rising geopolitical tensions and shifting global trade dynamics, especially amid ongoing U.S.-China economic friction. The token surged 8% from its April 30 low of $140, reaching around $152, while daily trading volume spiked 35% within 24 hours—highlighting renewed investor confidence in SOL as broader market sentiment stabilizes.

This rebound mirrors the broader trend, with the CoinDesk 20 Index gaining 4% on Thursday. Technical indicators support the bullish outlook for Solana. After correcting 7.4% from $148.03 to $140.63, the price rallied to a new local high of $152.69. Analysts point to a defined trading range of roughly 12 points, or 8.3%, with strong support around $140.65, reinforcing the recovery’s strength.

Volume analysis reveals significant buying during and after the correction, signaling sustained interest. CoinDesk Research highlights a short-term ascending channel forming, with key resistance near $152.68 and support levels at $148.50–$149.50. This structure, paired with higher lows, suggests that bullish momentum may drive SOL toward the $155 psychological level.

Short-term price action also reveals sharp intraday volatility. In the last 100 minutes, SOL dropped from $152.38 to $150.74 before bouncing back to $152.49 in a V-shaped recovery. Notably, a volume surge of 126,000 at 14:00 during a rally from $151.22 to $152.60 points to strong institutional activity. Immediate resistance lies at the $152.45–$152.50 range, which could dictate the token’s short-term trajectory.

As global economic uncertainty grows, Solana’s market performance and rising volume suggest increasing investor interest in blockchain assets with strong technical backing. Continued bullish pressure could see SOL testing higher resistance levels in the days ahead.