“Despite Broader Market Uncertainty, Sol Demonstrates Remarkable Resilience by Climbing from April Lows to Establish New Support Levels Above $ 150.”, – WRITE: www.coindesk.com
SOL HAS SHOWN IMPRESSIVE RECOvery Strength, Climbing 8% from ITS April 30 Low of $ 140 to AROUND $ 152, with Daily Trading Volume Jumping 35% Over 24 Hours. This Resiliency Comes As US-CHINA Trade Relations Deteriorate, Creating Ripple Effects Across Traditional and Digital Asset Markets.
The Move ComESS As the Broader Market Gauge Coindesk 20 Index, Climbed About 4% on Thursday.
Technical Analysis Highlights
- Sol Recovered from A Significant 7.4% Correction on April 30, Droping from 148.03 to 140.63 Before Reaching New Period Highs at 152.69.
- Overall Trading of Range of 12.04 Points (8.3%) Showcases Valativity, with Strong Support Establized AT 140.65.
- Volume Analysis Reveals Heigheted Trading Durying The Correction (2.4M+ Volume) Followed by Sustaned Buying Interest Dringing Recovery.
- Recent Price Action Forms an ascending Channel with Resistance at 152.50, While The 148.50-149.50 Zone Serves as a Key Support Level, Accounting to Condesk Research’s.
- Bullish Momentum Appears Sustainable with Higher Lows Forming, Suggesting Potential Continion Toward The 155.00 Psychological Level.
- In the Last 100 Minutes, Sol ExperienCed Significant Volatility, Dropsing Sharply From 152.38 To A Low of 150.74 Before Staging A V-Shaped Recovery to 152.49.
- Key Support Establissed at 151.10, WHERE SUBSTANTIAL BUYING VOLUME (44K+) Emerged.
- A MID-SESSION Rally from 151.22 to 152.60 Coincides with the Highest Volume Spike (126k at 14:00), Indicating Strong Institutional Interest.
- The Short-Term Ascending Channel Was Establized with Resistance at 152.68 and Support at 152.32.
- The 152.45-152.50 Zone Now Serves as Immediate Resistance that Could Could Determin Near-Term Direction.
Disclaimer: This Article Was Generated with Ai Tools and Review by Our Editorial Team to Ensure Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy. This Article May Include Information from External Sources, Which Are Listed Below Who Applicable.
External References:
- Newsbtc, Solana Monthly Candle Reclaims Key Levels – is $ 240 The Next Target?Publissed April 30, 2025.
- Newsbtc, Solana: Analysts Forecast Q3 Ath Rally As Sol Rettes Make or Break LevelPublissed April 29, 2025.
- Cointelegraph, WHY IS SOLANA (SOL) PRICE UP TODAY?Publissed April 17, 2025.
- Cryptopotato, Tension Builds: Solana (Sol) On the Verge of a Huge Move?Publissed April 30, 2025.
