Solana (SOL) Gains 4.8% as US-China Trade Talks Boost Investor Sentiment; Analysts Target $420–$620 by 2026
Solana’s native token SOL has posted strong gains, rising 4.83% in the last 24 hours to $152.16, supported by positive technical factors and heightened investor confidence. The price is displaying a bullish structure with higher lows and increased volume, with key support at $152.03 and resistance at $154.79. Renewed optimism surrounding London-based US-China trade talks is fueling risk appetite, as both parties discuss tariff relief and technology restrictions—issues that could influence global market sentiment and cryptocurrencies like SOL. Institutional forecasts remain optimistic, projecting a potential SOL price target of $420 to $620 by 2026, citing growing interest from major investors. Analysts underscore that SOL’s price trajectory hinges on macroeconomic developments and the outcome of trade negotiations. Traders are closely monitoring network growth and progress in US-China discussions for short-term opportunity.
Bullish
The news highlights strong upward momentum for Solana (SOL), driven by both favorable technical indicators—such as higher lows and high trading volume—and positive macroeconomic catalysts, particularly the potential resolution of US-China trade tensions. The ongoing negotiations in London are improving global risk sentiment. Institutional projections indicating SOL could reach $420 to $620 by 2026 further strengthen optimistic expectations. Historically, easing geopolitical uncertainties and growing institutional participation have supported bullish trends in major cryptocurrencies. Short-term sentiment remains closely tied to macroeconomic events, but the underlying strength and positive outlook for Solana signal bullish prospects for traders.