Solana Jumps After Trump Pauses Tariffs | BITmarkets
Insights Analysis Solana Jumps After Trump Pauses Tariffs

Solana Jumps After Trump Pauses Tariffs

April 10, 2025 Analysis
BITmarkets | Solana Jumps After Trump Pauses Tariffs

In today’s fast-moving market environment, policy updates are shifting rapidly—and the latest announcement from Donald Trump is no exception.

According to his most recent statement, tariffs on partner countries will be suspended for 90 days. Markets responded swiftly to the news, triggering notable volatility across asset classes, including cryptocurrencies.

This development has reshaped the short-term outlook, raising a key question: Can we now expect a resumption of the long-term bullish trend in the coming days, or is this simply a temporary relief rally?

Daily time frame analysis

SolAPR10

SOLUSD - 1 Day Time Frame

From a technical perspective, the recent price action on Solana offers a potential indication of whether a bullish continuation is likely. The short answer is that the setup appears promising.

The market has recently witnessed a notable sell-side liquidity sweep, driven in part by developments in U.S. trade conditions, followed by a strong upward price movement.

Upon closer analysis, this momentum was accompanied by a decisive close above a key resistance zone. When paired with the prior liquidity sweep, this provides a favorable technical foundation for considering buy positions.

Solana price target

For those considering whether similarly structured cryptocurrencies may offer comparable opportunities, one condition must be met: the same technical structure must be present. Specifically, the price should have formed a comparable resistance zone and successfully closed above it.

If your selected cryptocurrency has not yet confirmed a breakout above such resistance, it's best advised to re-consider entering buy positions—at least, not until that confirmation is in place.

In terms of risk management, it’s essential to use limit orders appropriately. A stop-loss can be placed below the internal low (as marked on the attached chart) to protect against unexpected reversals.

On the flip side, if the price continues to rise, traders may consider securing partial profits at key buy-side liquidity levels, with a final target potentially set at the previous all-time high.

Join

Try to invite your friends and earn together

10% of trading fees of your friends and 5% from the earnings of your friends.