Solana Finds Support Above $152 as Market Eyes U.S.-China Trade Dialogue
Solana (SOL) held firm above key technical levels on Monday, buoyed by improved sentiment around ongoing trade negotiations between the United States and China in London. The token briefly surged to $155.24 before consolidating near $152.16, marking a 4.83% intraday gain from earlier lows.
The move comes as global risk markets remain on edge but cautiously optimistic. While the talks are not expected to yield immediate breakthroughs, the mere resumption of dialogue is being interpreted by some traders as a constructive macro signal.
Key Technical Developments:
- Breakout Confirmed: SOL breached and held above $150.85, a key resistance level turned support.
- Support Structure: Solid bids emerged at $152.03, where hourly closes aligned with heavy buy-side flows.
- Volume Pulse: Significant trades were recorded at 07:59 UTC and 08:02 UTC, with over 77,000 SOL exchanged—reinforcing the strength of the upward push.
- Short-Term Trend: Solana remains within a bullish micro-channel on the 6-hour chart, with immediate resistance near $154.79.
Despite broader macroeconomic uncertainty, including rising U.S. bond yields and lingering geopolitical risks, Solana is outperforming many altcoins. Its technical structure remains constructive heading into the week, provided support at $150.85 continues to hold.
Traders are closely watching for a sustained break above $155, which could trigger fresh momentum toward the $157–$160 zone.
