TL;DR
- Solana (SOL) climbed 2.45% in the last 24 hours, forming higher lows and consolidating above $152.
- A short-term technical uptrend suggests resilient demand for SOL despite macroeconomic volatility.
- U.S.-China trade talks in London are in focus, with potential implications for global risk sentiment.
- Export controls and AI chip restrictions remain key issues impacting broader tech and crypto sectors.
- Analysts anticipate long-term bullish price targets for Solana, supported by growing institutional interest.
SOL Price Climbs on Trade Talk Hopes
Solana’s SOL token saw a strong intraday performance on Monday, posting a 4.83% rally before stabilizing near $152.16. After bottoming out at $148.08, SOL climbed as high as $155.24, with technical indicators pointing toward a resilient uptrend.
This rebound aligns with rising optimism in global markets as the second round of U.S.-China trade talks began in London. Traders and institutions alike are watching closely to see whether tariff de-escalation and technology access will be prioritized, potentially improving sentiment for risk assets like cryptocurrencies.
“With key levels holding and a high-volume breakout above resistance, SOL looks poised for further upside if macro risks subside,” according to CoinDesk Research.
Solana Price Overview
| Metric | Value | Trend |
| Current Price | $152.16 | ▲ 2.45% (24h gain) |
| Day’s High | $155.24 | Reached early in the day |
| Key Resistance | $154.79 | Breached intraday |
| Support Level | $152.03 | Strong buying volume |
| Hourly Volume (Peak) | 54,590 units | June 9, 07:59 UTC |
Macro Spotlight: London Trade Talks Drive Market Watch
The U.S.-China negotiations reopened in London this week, bringing together high-level figures like U.S. Commerce Secretary Howard Lutnick and Chinese Vice Premier He Lifeng.
While a temporary truce was reached last month, unresolved tensions over rare earth exports and AI chip controls have re-emerged.
“These issues are central to future economic stability, particularly for tech-linked sectors like crypto,” said an analyst from CD Analytics.
Both nations continue to signal cautious optimism. However, any meaningful resolution on tariffs or technology restrictions could set a more bullish tone for speculative assets, including SOL.
Solana’s Technical Momentum
Solana’s 24-hour trading pattern paints a picture of controlled volatility:
- From 09:00 to 21:00 UTC on June 8, SOL formed a clean uptrend channel, driven by consistent volume increases.
- Notably, high transaction volumes were recorded at 07:59 (54,590 units) and 08:02 (23,396 units) on June 9, confirming sustained institutional interest.
- After consolidating around $150.91, the price moved sideways before another minor rally to $150.98, suggesting dip-buying behavior.
Traders are eyeing whether this higher-low structure continues, which could lead to a test of the $160–$165 resistance range in the short term.
Solana’s Long-Term Bullish Outlook
Despite short-term macro headwinds, Solana’s development metrics and institutional visibility continue to improve. Analysts at several blockchain research firms maintain a bullish long-term target for SOL, citing growing adoption in DeFi, NFTs, and real-world applications.
Projected Price Range for 2026: $420–$620, depending on network growth and macroeconomic stability ( Delphi Digital).
Risk Factors Still in Play
The crypto market’s direction remains heavily influenced by global policy outcomes and investor appetite for risk. A failure in U.S.-China negotiations—or escalation in export controls—could weigh on tech equities and cryptocurrencies alike.
Moreover, all eyes are on the U.S. Consumer Price Index (CPI) data due this Wednesday, which could further influence sentiment and determine Federal Reserve interest rate decisions.
Market Outlook: Guarded Optimism for Solana
Solana appears to be holding its ground in a macro-sensitive environment, buoyed by its robust trading volumes and bullish chart structure. However, the geopolitical headlines and central bank commentary expected later this week could either fuel continued strength—or spark renewed volatility.
Investors and traders alike should prepare for a catalyst-heavy news cycle as key global data and negotiations unfold.
