Tariff Anxiety Shakes Markets, But Solana Remains Supported Near $154

Solana Stabilizes Near $154.50 After Dropping Below Uptrend Line as Traders Digest Macro Pressures

Solana (SOL) is trading in a tight range just above $154 following a key technical breakdown, as macroeconomic uncertainty—including renewed global tariff fears—continues to cast a shadow over the crypto market’s short-term direction.

After a period of steady higher-lows, SOL fell from $156.74 to $154.86 in under an hour, breaching its mid-April uptrend and shifting near-term momentum into neutral territory. CoinDesk Research reports SOL is now fluctuating within a narrow $152.33–$158.06 band, reflecting a 3.76% price swing over the last 24 hours.

Bearish sentiment is becoming more apparent in derivatives markets. Futures open interest slid 2.47% to $7.19 billion, while long liquidations jumped to $30.97 million. With shorts remaining largely untouched, the skew favors downside continuation unless sentiment reverses.

Nonetheless, key on-chain and institutional signals continue to provide support for Solana’s long-term outlook. Circle’s $250 million USDC mint on the network has boosted stablecoin liquidity and pushed Solana’s share of total stablecoin volume to 34%. Simultaneously, the launch of a $1 billion validator support fund by SOL Strategies signals deepening institutional conviction in Solana’s infrastructure and scalability.

Technical Recap

• SOL’s intraday movement was contained within a 5.73-point range ($152.33–$158.06), underlining short-term volatility.
• The breakdown from the uptrend occurred abruptly, with significant selling volume during the 01:53–01:54 window (74,000+ SOL traded).
• Earlier strength saw SOL test $158.06 before momentum faded.
• Declining volume and lower highs now characterize the latest sessions, with price consolidating near $154.50.
• A failure to hold $152.30 could open the door to further losses, while a recovery above $158 would reestablish bullish momentum.