- Solana’s price has gained in the last 24 hours as Bitcoin returns to $72,000.
- The SOL token could be $150 within the US-Iran ceasefire.
- However, further weakness could allow the bears to target $70 or lower.
Solana’s latest review has revived speculation, with a positive finding that is consistent with the risk markets.
When traders are looking for the results of reducing the tensions between countries between the US and Iran, the important question is whether the change in opinion can make Solana go to $ 150.
Solana’s eyes are on $90 as political risk subsides
As we have seen, the broader cryptocurrency market rose on Tuesday after US President Donald Trump announced a two-week ceasefire agreement with Iran.
The news has eased concerns about a major regional conflict, with Pakistan’s talks coming within a 48-hour deadline set by Washington.
Stocks and cryptocurrencies soared as risk sentiment shifted from a defensive stance to an aggressive search for upside.
The biggest gain saw more than $425 million in a few places to be terminated in the last 24 hours, more than $100 billion was added to the capitalization of the global crypto market.
Bitcoin topped $72,000, and Ethereum rose to $2,270, boosting altcoins as traders turn their investments into major tokens and high-beta plays. Solana’s growth had SOL advancing to $86.
The move to $90 removes part of last week’s trend that was followed by Drift Protocol.
The price of SOL shares
Although SOL’s volume is relatively small compared to the daily movements of Zcash, Bittensor, and LayerZero, the increase was still significant for the market outlook.
The recovery helped to reset the trading volume, which means that the worst of the exploitation-driven trend may be over if the fire stop is not implemented and the majority of cryptocurrencies continue.
On the charts, SOL has recently been covered by a bearish flag formation.
Traditional charts usually show a continuation if the break is successful, and the formation contained bears that would threaten a drop to the $70 area.
A jump close to $90 is important even if the trend remains.
If the bulls manage to defend the $80-$85 range consistently and turn this area into an important area, the next resistance can be seen. about $95-$100.
This is where the initial trend and the key swings converge, and a breakout could pave the way for strong resistance in the $120-$135 zone.
Bulls may be headed for a January 2026 high near $150.
However, if the buyers fail to break out and hold above the $90 level, the technical view would like to extend the downside.
These sentiments reveal SOL to further decline below $70, with critical support near $54.
