Solana Trades Steady Above $152 as Investors Eye Progress in US-China Diplomatic Talks

Solana Holds Gains as Traders Weigh Trade Diplomacy and Macro Headwinds

Solana (SOL) is showing signs of resilience despite global market anxiety, climbing to over $152 on Monday as investors cautiously respond to renewed U.S.-China trade negotiations underway in London.

SOL rallied nearly 5% intraday, bouncing from a local low of $148.08 to a high of $155.24 before settling near $152.16. The move helped confirm a short-term bullish structure, supported by strong on-chain volumes and technical buying momentum.

Trade Talks Offer Temporary Tailwind

The rebound arrives as delegations from Washington and Beijing convene in London for the first time since March, attempting to reset deteriorating trade relations. While concrete outcomes remain uncertain, even symbolic progress could offer short-term support to risk assets, including crypto.

However, macro headwinds persist. Rising global bond yields, fragile sentiment in Asian equities, and ongoing debates over chip bans and rare earth exports continue to inject volatility into markets.

Solana by the Charts:

Breakout Triggered: SOL broke decisively above $150.85, marking a shift from consolidation to upward momentum.
Support Zones: New support appears to be forming at $152.03, backed by higher-volume defense on dips.
Volume Surges: Heavy trade activity noted during the 08:00 UTC hour, with two large spikes totaling over 77,000 SOL.
Consolidation in Progress: Price stabilized near $150.91 following the breakout, suggesting a pause before further directional movement.

Despite uncertain global conditions, Solana’s relative strength could attract short-term traders if the token holds above key support. Investors are watching for follow-through above $154.79, a level that may open the door to a broader rally.