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Trump's Policy Change in China Causes Solana Price to Rise Abruptly: Will SOL Increase by $1,000?
Solana has risen 9% today, reaching $151.89 while the crypto market as a whole has increased 4% in the past 24 hours. This increase comes after a statement from United States President Donald Trump when he said yesterday that he is willing to reach a trade agreement with China. Trump's proposals have raised hopes that the ongoing trade war between the United States and China ( and the rest of the world ) could soon come to an end, which could revive the growth momentum of the market following the president's election victory in November. And Solana is one of the tokens with the best positioning to benefit from any return of the bullish trend, with the fundamentals of this coin providing very strong long-term price predictions. Trump's Policy Change in China Causes Solana Price to Rise Dramatically: Will SOL Rise to $1,000? Speaking at a press conference at the White House yesterday, Trump stated that the U.S. tariffs on Chinese goods could be significantly reduced and the two countries could soon reach an agreement. This is the main reason why the crypto market has recovered in the past 24 hours, as traders hope that the recent trade and tariff war will come to an end soon. In this hopeful context, Solana has managed to recover as the coin has also risen 22% in a week and 42% in the past two weeks. Today's chart shows that there is still plenty of room for the price to rise further before entering an overbought state. The most encouraging thing is that the 30-day moving average ( orange ) has not yet crossed the 200-day moving average ( blue ), a clear sign that the current price is not too hot.
Similarly, the RSI indicator (purple) has just started to rise to 70, after spending most of the time below 50 in the past few months. This indicates that Solana can expect a period of positive growth in the coming weeks, especially if the United States and China reach some agreements or trade deals. And when looking at the bigger picture, the price of Solana will continue to make significant progress throughout the year. This is still the second largest Layer 1 network in terms of TVL, and it also has some important upgrades to look forward to, most notably the Firedancer validation application.
Such improvements will help it grow even stronger, attracting more token launches and more DeFi ecosystems. Therefore, the price could return to the level of $200 in June before reaching $300 in Q4.