Solana Reclaims Momentum Above $152 as US-China Talks Offer Risk-On Catalyst
Solana (SOL) saw renewed buying interest on Monday, climbing from weekend lows to trade back above $152, as market sentiment improved slightly on the back of high-level U.S.-China trade discussions in London.
After dipping to $148.08, SOL rallied to an intraday high of $155.24, before stabilizing near $152.16. The move comes as traders weigh the potential for macro de-escalation alongside technical support levels that continue to attract dip buyers.
Macroeconomic Backdrop:
The return of trade talks between the world’s two largest economies—covering tariffs, chip export restrictions, and energy security—has offered a tentative boost to risk appetite. While no breakthroughs have been announced, the meeting itself is viewed as a positive signal.
This backdrop helped drive capital back into crypto’s stronger-performing assets, with Solana leading large-cap altcoins by daily percentage gains.
Price Action Summary:
- Breakout Level: SOL broke past key resistance at $150.85, flipping it into new support.
- Support Zone: Strong buying activity around $152.03 suggests accumulation by short-term traders.
- Volume Surge: Two major inflows at 07:59 and 08:02 UTC saw over 77,000 SOL traded, aligning with bullish momentum.
- Current Structure: SOL is forming a mini-range between $150.91 and $154.79, signaling potential for another leg up if global sentiment holds.
While macroeconomic risks haven’t vanished, Solana’s technical setup appears increasingly favorable, especially if trade diplomacy continues to ease investor anxiety.
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