Solana Maintains Price Above $152 Amid US-China Trade Talks

Solana’s SOL gained 4.83% over the past 24 hours, reaching a high of $155.24 before settling around $152.16. This upward trend indicates underlying strength despite macroeconomic challenges.

The market is closely monitoring U.S.-China trade talks in London, led by U.S. Commerce Secretary Howard Lutnick and Chinese Vice Premier He Lifeng. Key issues include rare earth export controls and AI chip regulations, which could impact global market sentiment and risk assets like cryptocurrencies.

Projections for Solana suggest potential price targets of $420–$620 by 2026. Traders will observe how macro developments influence interest in risk-on assets such as SOL.

Technical Analysis Highlights

SOL moved from $148.08 to $155.24 (4.83% increase) before retracing
Formed an uptrend channel from 09:00–21:00 on June 8
Established support at $152.03 and resistance at $154.79
Stabilized near $150.91 after correction
Resumed uptrend early June 9 with significant volume
Broke resistance at $150.85 followed by sideways consolidation
Recovered from $150.53 to $150.98 in the last hour