Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News
As global markets breathe a sigh of relief following former President Donald Trump’s announcement to pause proposed tariffs on key imports, the crypto world is showing mixed reactions — and Solana (SOL) is at the center of the buzz.
After briefly dipping earlier this week, Solana’s price has shown signs of stabilizing near $132, leading many investors to ask: Is this a prime buying opportunity, or should you sit tight?
What’s the Connection Between Tariffs and Crypto?
Trump’s decision to pause tariffs, particularly on Chinese goods and semiconductors, was largely seen as a move to avoid shaking up economic sentiment ahead of the 2024 election cycle. While not directly targeting crypto, these kinds of macroeconomic decisions ripple across all markets — and digital assets are no exception.
“Tariffs introduce uncertainty,” says crypto strategist Ana Malik. “When that uncertainty clears, risk-on assets like Solana tend to benefit — especially when investor confidence returns.”
Solana, with its focus on high-speed, low-fee decentralized apps and smart contracts, often trades in correlation with overall investor risk appetite. As the market regains footing, SOL may be poised to climb — but timing is key.
Solana’s Technical Picture
Currently, Solana is consolidating after a 7% pullback from its recent high of $142. Analysts note a strong support zone between $127–$130, where buyers have historically stepped in. A bounce from this level could send SOL retesting the $140 mark and beyond — possibly targeting $150+ in the short term if momentum returns.
“We’re in a classic cooldown phase,” notes trader Liam Rhodes. “But if Solana holds this range, it’s setting up a healthy base for a potential leg up.”
On-Chain Data Signals Accumulation
According to data from Glassnode and Santiment, Solana wallets holding more than 10,000 SOL have increased by 3% in the last 48 hours — a subtle but noteworthy sign of quiet accumulation.
At the same time, exchange supply has dipped slightly, suggesting fewer SOL tokens are being positioned for quick selling. Combine that with increased DeFi activity on Solana’s network, and the fundamentals appear cautiously bullish.
But What’s the Risk?
Despite improving sentiment, macroeconomic uncertainties still loom large. Any reversal in Trump’s tariff stance or a hawkish shift in global monetary policy could trigger a fresh wave of volatility. And let’s not forget — the crypto market is notoriously reactive to headlines.
“If you’re a long-term believer in Solana’s ecosystem, buying this dip might be a strategic play,” says Malik. “But short-term traders should tread carefully and wait for a confirmed trend reversal.”
If you’re bullish on Solana’s long-term growth and aren’t overly concerned with near-term price swings, this current dip could be a solid entry. However, for traders looking for quick upside, it may be wise to wait for a confirmed bounce above resistance at $135 before jumping in.
