Solana price surges 8% as Bitcoin and Ethereum rally on Israel-Iran ceasefire hopes
Solana is amongst altcoins to rally after Donald Trump reveals Israel-Iran ceasefireThe SOL token rose to above $145, gaining 8%, while Bitcoin topped $106,000 and Ethereum broke above $2,400. SOL could target $175 and $200 in the short term. Solana (SOL) …
Solana is among altcoins to rally after Donald Trump reveals Israel-Iran ceasefire The SOL token surged to above $145, acquiring 8%, while Bitcoin topped $106,000 and Ethereum broke above $2,400. SOL could target $175 and $200 in the short-term. Solana (SOL) cost surged as international cryptocurrency markets experienced a sharp rebound following the announcement of a ceasefire between Israel and Iran. The cessation of hostilities, which ended a 12-day conflict that had heightened geopolitical stress, minimized concerns over prospective disruptions to international markets, particularly in the energy sector. This development triggered a rise in significant cryptocurrencies, with Solana (SOL) climbing 8% to $145, Bitcoin (BTC) breaking past $106,000, and Ethereum (ETH) reaching $2,400. Trump reveals Israel-Iran ceasefire Bitcoin had actually indeed bounced above $103k in the consequences of news that Iran’s missile attacks on US bases had no casualties and White Home learnt about it. The leading crypto then surged to $106k in the middle of the market’s favorable action. This happened as, on June 23, 2025, US President Donald Trump announced by means of Truth Social that Israel and Iran had agreed to a “total and overall” ceasefire, reliable just after midnight Eastern Time. According to Reuters, the announcement followed intense diplomatic efforts, including negotiations assisted in by Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, who secured Tehran’s agreement after conversations with Iranian authorities. Despite preliminary uncertainty, as Israel did not immediately verify the ceasefire and Iran’s Foreign Minister Abbas Araghchi noted no official arrangement existed, markets responded promptly to the prospect of peace. The ceasefire, explained by Trump as ending the “12 Day War,” brought back market self-confidence, with Solana’s cost motion showing its sensitivity to macroeconomic advancements and financier optimism. “On the presumption that whatever works as it should, which it will, I want to praise both Nations, Israel and Iran, on having the Endurance, Nerve, and Intelligence to end, what should be called, ‘THE 12 DAY WAR,'” Trump stated through Truth Social. Solana saw its price rise by 8% to $145, driven by bullish sentiment throughout the broader market. This included a growth for stocks as S&P 500 futures increased 0.6% and oil prices dropped substantially. SOL rate prediction Experts are showing a bullish bias on Solana’s cost following the ceasefire-driven rally, with altcoins most likely to rally hard if the truce holds. In this case, Solana could check $150 in the near term, with some traders considering $200 if the bullish momentum persists. Uncertainties stay, particularly concerning the location of 400 kilograms of uranium in Iran, which might reintroduce geopolitical dangers if not dealt with. Conversely, any infraction of the ceasefire or renewed stress could activate volatility. Technical indications point to resistance at $175 and assistance at $125, with onchain activity suggesting robust need.
Solana is among altcoins to rally after Donald Trump announces Israel-Iran ceasefire The SOL token surged to above $145, acquiring 8%, while Bitcoin topped $106,000 and Ethereum broke above $2,400. Solana (SOL) rate increased as worldwide cryptocurrency markets experienced a sharp rebound following the announcement of a ceasefire between Israel and Iran. The ceasefire, described by Trump as ending the “12 Day War,” restored market confidence, with Solana’s price movement reflecting its level of sensitivity to macroeconomic developments and financier optimism.
