- Solana is among the altcoins that rallied after Donald Trump announced a ceasefire between Israel and Iran
- The SOL token climbed above $145, up 8%, while Bitcoin topped $106,000 and Ethereum broke above $2,400.
- SOL could target $175 and $200 in the short term.
Solana’s (SOL) price rose as global cryptocurrency markets staged a sharp rebound following the announcement of a ceasefire between Israel and Iran.
The end of hostilities — which concluded a 12-day confrontation that had heightened geopolitical tensions — eased concerns about potential disruptions to global markets, particularly in the energy sector.
The development sparked rallies across major digital assets: Solana climbed about 8% to $145, Bitcoin (BTC) pushed past $106,000, and Ethereum (ETH) reached $2,400.
Trump announces Israel-Iran ceasefire
Bitcoin had already surged above $103,000 after reports indicated that Iranian missile strikes on U.S. bases caused no casualties and that the White House had been informed.
The leading cryptocurrency then moved to around $106,000 as markets received the news positively.
The move came after U.S. President Donald Trump posted on Truth Social on June 23, 2025, saying Israel and Iran had agreed to a “complete and total” ceasefire that took effect shortly after midnight Eastern Time.
According to Reuters, the announcement followed intense diplomatic efforts, including negotiations supported by Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, which secured Tehran’s agreement after talks with Iranian officials.
Despite initial uncertainty — with Israel not immediately confirming the truce and Iran’s deputy foreign minister Abbas Araghchi saying no formal deal had yet been announced — markets quickly reacted to the prospect of peace.
The ceasefire, which Trump described as ending the “12-day war,” restored some investor confidence, and Solana’s price movement reflected its sensitivity to macro developments and renewed optimism among traders.
“Assuming everything works the way it should, I would like to congratulate both countries, Israel and Iran, for the endurance, courage and wisdom to end what should be called the ‘12 DAY WAR,’” Trump said on Truth Social.
Solana’s price rose roughly 8% to $145 amid the broader market upswing.
Markets also saw gains in equities, with S&P 500 futures up about 0.6%, while oil prices fell notably.
SOL price outlook
Analysts point to a bullish bias in Solana after the post-ceasefire rally, noting that altcoins often surge strongly if a ceasefire holds and broader market sentiment remains positive.
Under those conditions, Solana could test $150 in the near term, and some traders see potential for $200 if the upward momentum continues.
Uncertainty remains, however, particularly regarding the presence of 400 kilograms of uranium in Iran, which could create geopolitical risk if left unaddressed.
Conversely, any breach of the ceasefire or renewed tensions could quickly reverse market gains and increase volatility.
Technical indicators show resistance near $175 and support around $125, while on-chain activity points to solid demand.