{"id":50577,"date":"2025-04-11T19:01:04","date_gmt":"2025-04-11T19:01:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-sol-surges-10-to-key-level-as-bitcoin-btc-reclaims-83000\/"},"modified":"2025-04-11T19:01:04","modified_gmt":"2025-04-11T19:01:04","slug":"solana-sol-surges-10-to-key-level-as-bitcoin-btc-reclaims-83000","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-sol-surges-10-to-key-level-as-bitcoin-btc-reclaims-83000\/","title":{"rendered":"Solana (SOL) surges 10% to key level as Bitcoin (BTC) reclaims $83,000"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li>Solana (SOL) is boasting a 10% surge, breaking above the critical resistance level of $120.<\/li>\n<li>This happens as cryptocurrencies look to bounce despite the overall bearish sentiment across risk asset markets.<\/li>\n<li>With analysts suggesting a bullish flip for Bitcoin, is SOL on the verge of a breakout to $200?<\/li>\n<\/ul>\n<p>The broader crypto market whipsawed alongside stocks this week, rallying on Wednesday before paring gains on Thursday.<\/p>\n<p>Fueled by a pause in U.S. tariffs against several countries, Solana broke to above $115.<\/p>\n<p>But it gave up all the 24-hour gains as President Donald Trump&rsquo;s decision to delay tariffs, excluding China, drew a response from Beijing.<\/p>\n<p>The Chinese imposed a retaliatory levy on imports from the US, bringing total tariffs to 125%. It meant the calm that Trump&rsquo;s pause brought only lasted a day before Thursday saw risk assets swing lower.<\/p>\n<p>Solana is, however, up today, rallying 10% in the past 24 hours to break above $120. SOL&rsquo;s gains come as Bitcoin reclaims $83k.<\/p>\n<h2>Risk assets and expert commentary<\/h2>\n<p>Stocks and crypto have dumped despite positive US inflation data suggesting otherwise this week. On Friday, the Producer Price Index for March showed that inflation fell to 2.7%, below expectations of 3.3%. Also, core PPI dropped to 3.3%, with this below the expected 3.6%.<\/p>\n<p>Given the consumer price index data released on April 10, both US inflation measures of CPI and PPI indicated a significant slowdown in March. However, tariffs and the overall economic outlook has many experts <a href=\"https:\/\/coinjournal.net\/news\/is-bitcoin-entering-a-major-bear-market-peter-schiff-thinks-so\/\">warning of further pain<\/a>.<\/p>\n<p>Larry Fink, the chief executive of BlackRock suggests the US may already be in a recession. He said during an <a href=\"https:\/\/www.cnbc.com\/video\/2025\/04\/11\/blackrock-ceo-larry-fink-u-s-is-very-close-to-a-recession-and-may-be-in-one-now.html\" target=\"_blank\" rel=\"noopener\">interview with CNBC<\/a>:<\/p>\n<blockquote>\n<p>&ldquo;I think you&rsquo;re going to see, across the board, just a slowdown until there&rsquo;s more certainty. And we now have a 90-day pause on the reciprocal tariffs. That means longer, more elevated uncertainty.&rdquo;<\/p>\n<\/blockquote>\n<p>Mohamed El-Erian, an economist and Allianz advisor, <a href=\"https:\/\/x.com\/elerianm\/status\/1910704703723253985\" target=\"_blank\" rel=\"noopener\">posted on X<\/a>:<\/p>\n<blockquote>\n<p>&ldquo;As the risk of financial market malfunction climbs again to an uncomfortable and worrisome level, this is not just about a &ldquo;game of chicken&rdquo; on tariffs between China and the US. It is also developing into one between the Administration and the Federal Reserve.&rdquo;<\/p>\n<\/blockquote>\n<p>According to El-Erian, &ldquo;there is a lot at stake here.&rdquo;<\/p>\n<h2>Can SOL rally to $200 this April?<\/h2>\n<p>Solana price traded near $300 in January. However, SOL has given up nearly 60% of the gains since that peak. The downtrend saw the altcoin fall below $100 this month.<\/p>\n<figure id=\"attachment_291507\" aria-describedby=\"caption-attachment-291507\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-291507\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" target=\"_blank\" rel=\"noopener\">SOL chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>Bulls are back above $120 though, the latest uptick helping sentiment.<\/p>\n<p>Technical indicators suggest a short-term bullish case, with RSI near the midpoint and MACD indicating a bullish crossover on the daily chart.<\/p>\n<p>If Solana&rsquo;s price breaks above $150, buyers could eye $180&ndash;$200 as the next targets. However, if momentum falters, the support levels could be $105 and then $80.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/solana-sol-surges-10-to-key-level-as-bitcoin-btc-reclaims-83000\/\">Solana (SOL) surges 10% to key level as Bitcoin (BTC) reclaims $83,000<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/solana-sol-surges-10-to-key-level-as-bitcoin-btc-reclaims-83000\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Solana (SOL) is boasting a 10% surge, breaking above the critical resistance level of $120. This happens as cryptocurrencies look to bounce despite the overall bearish sentiment across risk asset markets. With analysts suggesting a bullish flip for Bitcoin, is SOL [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":50578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50577"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50577"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50578"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}