Solana experienced extreme volatility on Sunday and Monday as the market reacted to fears of a U.S. trade war. The uncertainty led to a sharp sell-off, with SOL dropping over 25% from its Saturday highs. However, sentiment quickly shifted after reports of tariff negotiations, sparking a market recovery.
Solana bounced nearly 25% from its lowest point, reclaiming key levels. Top analyst Jelle suggests this may have been a failed breakdown, indicating potential for new highs if key levels hold. Holding above $205 is crucial for further upside, while losing this level may lead to a decline.
The article highlights Solana's resilience and its importance as a leading asset since 2023. With the U.S. trade war tension and technical factors in play, Solana's future remains uncertain, but its promising structure suggests bullish continuation is possible.
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